<ul data-eligibleForWebStory="false">Consumer credit decelerated in May, with credit card balances decreasing for the first time since the end of last year.The reduction in card balances may be temporary due to spending plans, sticky inflation, and uncertain tariff outlook.Revolving credit decreased at an annual rate of 3.2%, marking a sharp reversal from previous increases.Consumers may have trimmed card balances to have additional spending power and improve credit utilization percentages.