Consumer Credit Rises Less Than Expected in August
FROM THE WIRE · SEEKINGALPHA.COM
August U.S. consumer credit: +$8.28B vs. +$15.00B consensus and +$17.74B in July, according to data released by the Federal Reserve on Wednesday.
Read at the source ↗MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishAugust U.S. consumer credit (+$8.28B) significantly misses consensus (+$15B).AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01August U.S. consumer credit increased by $8.28 billion.
- 02Consensus expected an increase of $15.00 billion.
- 03July saw an increase of $17.74 billion according to Federal Reserve data.