The Fed released its consumer credits figures on Friday. Consumer credit in the U.S. rose by $20.74 billion in June, exceeding expectations for a $17.0 billion increase, after a $16.52 billion gain May.
May's figure was revised up from a $16.09 billion rise.
The increase was driven by gains in both revolving and non-revolving credit. Revolving credit climbed by $5.5 billion in June, while non-revolving credit jumped by $15.2 billion.