A post by @federalreserve on X.
Q3 consumer credit up 4.2%; revolving credit up 4.1%; nonrevolving credit up 4.2%; September consumer credit up 6.4% (SAAR):
@federalreserve on X
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The Federal Reserve reported that U.S. consumer credit rose 4.2% in the third quarter, with revolving credit up 4.1% and nonrevolving credit up 4.2%. September alone saw consumer credit increase at a 6.4% seasonally adjusted annual rate. The broad-based gains indicate sustained household borrowing across both credit card and installment categories. The data matters as a gauge of consumer demand and household leverage heading into the fourth quarter. Next, watch whether revolving balances keep pace amid elevated interest rates and how upcoming Fed reports refine the September figures.
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