U.S. Consumer Credit Rises Roughly In Line With Estimates In January - InvestingChannel

U.S. Consumer Credit Rises Roughly In Line With Estimates In January

With an increase in non-revolving credit more than offsetting a modest drop in revolving credit, the Federal Reserve released a report on Friday showing that U.S. consumer credit rose roughly in line with economist estimates in January. The report said consumer credit increased by $13.7 billion in January following a downwardly revised $15.9 billion increase in December.