Consumer Credit
The total amount households owe on credit cards, car loans, student loans and other non-mortgage debt.
In plain English
The total amount households owe on credit cards, car loans, student loans and other non-mortgage debt.
Consumer credit tracks how much people are borrowing to spend. In the US it is published monthly by the Federal Reserve.
Rising credit can mean confidence, or it can mean households stretching to keep up. It is usually a low-impact release for forex.
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