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September 10, 2024

US consumer credit rises $25.5B in July: Fed

ISTANBUL: US consumer credit rose around $25.5 billion in July compared to the previous month to reach almost $5.1 trillion, the Federal Reserve said Monday.

The figure came in much higher than market expectations of a $12.3 billion increase.

Consum…

Survey expects Trkiye to post current account surplus in July

ISTANBUL: Trkiye is likely to post a current account surplus of $749 million in July, an Anadolu survey projected on Tuesday.

Estimates from a group of 12 economists ranged between $213 million and $1.2 billion in surpluses.

The current account bala…