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U.S. Consumer Credit Grew in January by Least in Four Months

Moderator

U.S. Consumer Credit Grew in January by Least in Four Months

U.S. consumer debt rose in January by the least in four months on a sharp slowdown in use of revolving products such as credit cards, Federal Reserve data showed Wednesday.

 

Highlights of Consumer Credit (January)

  • Total credit rose $13.9b m/m (est. $17.7b gain) and follows a revised $19.2b Dec. gain (prev. $18.4b)
  • Revolving credit outstanding rose $701m, least since Feb. 2015, after a $6.1b Dec. increase 
  • Non-revolving debt outstanding climbed $13.2b after a $13.1b rise

 

https://www.bloomberg.com/news/articles/2018-03-07/u-s-consumer-credit-grew-in-january-by-least-in-f...


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Regular Contributor

Re: U.S. Consumer Credit Grew in January by Least in Four Months

"...a strong jobs market and the tax cuts enacted in December are likely to support household spending in the first half of the year."

 

 The Good Times are Coming - "Mama" Cass Elliot. Smiley Happy

 

 

Message 2 of 3
Established Member

Re: U.S. Consumer Credit Grew in January by Least in Four Months

I wouldn't count on a consistently good stock market and economic environment over the next two years.  But maybe it will happen.


Yes, just one card - by design.
May 2018 Score: 805 (FICO 9 - Experian)
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