Recent History Of This Indicator:
Consumer credit is expected to rise $20.0 billion in October following September's record $28.9 billion gain. The revolving credit component of this report, which had been dormant this cycle, has finally been showing steam and suggests that consumers are growing less reluctant to run up their credit cards. Nonrevolving credit has been strong the whole cycle, reflecting vehicle demand and also demand for student loans which are tracked in this report.
Consumer credit is expected to rise $20.0 billion in October following September's record $28.9 billion gain. The revolving credit component of this report, which had been dormant this cycle, has finally been showing steam and suggests that consumers are growing less reluctant to run up their credit cards. Nonrevolving credit has been strong the whole cycle, reflecting vehicle demand and also demand for student loans which are tracked in this report.
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