US February consumer credit outstanding +$22.33B vs +$14.0B expected
February consumer credit data from the Fed
- Prior was +$12.02B
- Non-revolving +$15.1B
- Revolving +$7.23B
No doubt there are plenty of people out there regretting running up the credit card in February. The jump in non-revolving credit may also show that auto promotions had an impact. Either that or it was all the WSB kids taking out student loans to buy calls in TSLA.