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

Consumer Card Debt Paydowns May Prove Temporary Amid Tariff and Inflation Uncertainty

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