US consumer credit 6.84 billion versus 23.8 billion estimate

  • US consumer credit for January 2022
  • Prior report consumer credit increase by 18.9 billion (they were expecting 39.99 billion)
  • Nonrevolving (autos and student loans) 7.06 billion versus 16.79 billion last month
  • Revolving credit (credit cards) -219M versus 2.11 billion last month

A rather small increase suggesting the consumer retrenched a bit at the start of the new year.

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