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US January consumer credit $10.538B vs $16.5B exp

Slow credit growth in January

  • Prior $21.38B
  • Revolving credit -$1.05B
  • Non-revolving credit +$11.59B

Revolving credit is generally credit card debt. This report makes the argument that Americans are using gasoline savings to pay down the Visa bill.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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