Econoday [1] will release their report on Consumer Credit [2] for January 2017 on Tuesday. The prior month-over-month drop in consumer credit was $11 billion.
In last month's report [3] for December, Econoday’s research showed slowing consumer credit, compared to $25.2 billion in November. Nonrevolving credit, which reflects auto loans and student loans rose $11.8 billion.
The following chart from Econoday shows the monthly debt to income ratio, as more consumers use credit to spend outside their means.
Upcoming News
Neel Kashkari Speaks speaks at NABE conference in panel titled "A View from the FRB Minneapolis," in Washington, D.C , Monday 3:00 p.m. ET
Consumer Credit Report, Tuesday 3:00 p.m. ET
MBA Mortgage Applications, Wednesday 7:00 a.m. ET