Journal Article

Consumer Credit Cards Show Few Signs of Financial Stress

Abstract: Since monetary policy tightening began in March 2022, interest rates have risen across a range of consumer financial products, including credit cards. However, the consumer credit market shows little sign of financial stress as of September 2024. While credit card delinquency rates have increased among subprime borrowers, internal bank assessments suggest that subprime default risks remain historically low.

Keywords: monetary policy tightening; consumer credit markets; credit quality; financial markets; forecasts;

Bibliographic Information

Provider: Federal Reserve Bank of Kansas City

Part of Series: Economic Bulletin

Publication Date: 2024-12-06

Pages: 3