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.

Most Popular Articles

Here are 5 renovation mistakes to avoid for resale

Homeowners may want to tap the brakes on those trendy white Carrara marble countertops if they’re looking to get a return on investment for renovations.

Jan 17, 2020 By

Latest Articles

RE/MAX: The December housing market broke records

RE/MAX released its National Housing Report for December 2019, which revealed that the month posted a record finish to a year and the decade.

Jan 20, 2020 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please