WS #17055
Holding: newest synthesis is 1d 15h old
US consumer credit jumped by $27.84 billion in September, significantly exceeding the $11.5 billion consensus estimate. This data point suggests resilient consumer demand and credit availability, countering narratives of imminent consumer distress and supporting a 'soft landing' or inflation-sticky thesis for the Federal Reserve.
US Consumer Credit Strength
US consumer credit jumped by $27.84 billion in September, significantly exceeding the $11.5 billion consensus estimate. This data point suggests resilient consumer demand and credit availability, countering narratives of imminent consumer distress and supporting a 'soft landing' or inflation-sticky thesis for the Federal Reserve.