May consumer credit rises $12.9 billion
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Americans reached for their credit cards with gusto in May after an April lull, sending overall U.S. consumer borrowing up by $12.90 billion -- more than twice the forecast rise, a Federal Reserve Board report showed on Monday.
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Consumers borrowed more freely in September, especially when it came to racking up charges on their credit cards, the Federal Reserve reported Friday.
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The U.S. personal consumption  expenditures price index, excluding food and energy, advanced  by 1.9 percent in May from a year earlier, according to a  government report on Friday that is likely to give the Federal  Reserve some assurance it is making progress in its effort to  curb inflation.
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U.S. home loan refinancing  applications surged last week, industry trade group figures  showed on Wednesday, as consumers sought to lock in rates ahead  of a widely expected interest rate hike by the Federal Reserve  at the end of June.
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U.S. consumer credit rose by a  bigger-than-expected $10.27 billion in June on a surge in  credit card debt, a Federal Reserve Report on Monday showed.
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Shares on the Bombay Stock Exchange rise above 12,000 for the first time since May on strong growth forecasts.
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Surging energy costs drove U.S. consumer prices up by a hefty and larger-than-expected 0.6 percent last month, the biggest jump since May, a government report showed on Wednesday.
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Consumer borrowing posted an increase of 6.4% in May, reflecting the biggest jump in credit card debt in six months.
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WASHINGTON - After taking a rest in June, the nation's consumers were full of energy last month, boosting their spending by a strong 0.8 percent, a hopeful sign the economy may be emerging from a summer funk.    The over-the-month increase in consumer spending, reported by the Commerce Department on Monday, marked a turnaround from the 0.2 percent decline registered in June, when high energy prices and a sluggish job market made for more cautious buyers...
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Consumer borrowing posted a hefty increase in May, reflecting the biggest jump in credit card debt in six months.
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Consumers borrowing increased in January, reflecting an increase in auto loans.
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Late payments on a cluster of consumer loans, including those for autos, home improvement and certain home equity loans, climbed in the summer to their highest point since the country's last recession in 2001.
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Consumer spending rose at the fastest rate in more than two years in November and prices also climbed sharply, according to a government report on Friday that showed the economy on firmer ground than many had believed.
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Ford Motor Co.  plans to raise the  amount of a borrowing plan to roughly $22 billion to $23  billion from an original $18 billion, as it increases the size  of a revolving credit line and a convertible note sale.
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An index of consumer confidence in the United States jumped more than forecast in May, signaling consumers will continue to spend in the face of record gasoline prices and a slumping housing market.
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Consumers increased their borrowing at a more modest pace in December as credit card debt increased at the slowest rate in nine months.
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Increased spending by consumers and business helped US economic growth rise at a higher-than-predicted rate in the July to September period.