Consumers’ credit application rate stays low, but rejection rate rises, New York Fed says (DXY:)

Nov. 17, 2025 1:58 PM ETBy: Liz Kiesche, SA News Editor

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Amid an uncertain economic outlook, credit application rates have remained largely stable in the past 12 months, staying at a relatively low level of 41.1%, during October, the Federal Reserve Bank of New York said in its Survey of Consumer Expectations Credit Access Survey