US consumer credit for June expanded at a pace faster than expectations

• consumer credit $37.69 billion versus estimate 23.0 billion
  
• revolving credit $17.86 billion
  
• nonrevolving credit $19.83 billion
  

The credit number is the highest this year and highest going back to 2016 (at least). Typically, higher credit is indicative of a confident consumer.  In the current environment, stocks are higher, home prices are higher, job market is improving which can lead to more consumer spending on credit.