Trade balance, monthly, in billions of dollars, seasonally adjusted:
Americans have stepped up their use of credit this year.
U.S. consumer borrowing, excluding mortgages and other loans secured by real estate, jumped $40.2 billion in June from May, when consumer borrowing rose $23.8 billion of dollars. June’s increase was the largest in three months and pushed total consumer credit to about $4.63 trillion. The Federal Reserve releases its July snapshot of consumer borrowing on Thursday.
Consumer credit, monthly change, seasonally adjusted, billions of dollars:
Wall Street expects Kroger’s latest quarterly report to show mixed results.
Analysts predict the supermarket operator’s second fiscal quarter profits fell from a year earlier, even as revenue rose. In June, Kroger raised its full-year guidance after posting first-quarter profit and revenue growth. The company, which also owns Ralphs, Dillons and other chains, reports quarterly results on Friday.