Monday Morning Cup of Coffee: Bubble, bubble, toil and trouble

Monday Morning Cup of Coffee: Bubble, bubble, toil and trouble

Plus, is the market for mortgages beginning to thaw?

Mortgages not all bad news for Suntrust Banks’ earnings

Mortgage-servicing income buoys earnings

Where's Watt?

FHFA scorecard should be marked tardy
W S
Investments / The Ticker

Consumer credit hits $3.08 trillion

Grows at fastest pace in five months

coins stacked
/ Print / Reprints /
| Share More
/ Text Size+

According to Reuters, U.S. consumer credit rose in October at the fastest pace in five months, a positive sign for overall fourth-quarter consumer spending.

Total consumer credit increased by $18.2 billion to $3.08 trillion, the Federal Reserve said on Friday.

Revolving credit, which mostly measures credit-card use, climbed $4.3 billion. The central bank also said the decline in revolving credit registered in September was not nearly as sharp as previously estimated.

Source: Reuters
Read full story

Recent Articles by Brena Swanson

Comments powered by Disqus