US January consumer credit -$1.31B vs +$12.0B expected

Author: Adam Button | Category: News

US consumer credit outstanding for January 2021

  • Prior was +9.73B
  • Revolving credit -$9.87B
  • Non-revolving credit +$8.56B
It's rare to see credit tighten but revolving credit (which is credit cards) likely fell as people used stimulus payments to pay off credit card bills.

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