BAL 
$61.00  0.29%  
CANE 
$11.23  0.97%  
JO 
$54.00  1.22%  
NIB 
$36.29  1.65%  
IEF 
$93.11  0.31%  
^UGA-IV 
$68.31  1.39%  
UNG 
$19.10  5.12%  
USO 
$76.97  0.94%  
FXA 
$66.31  0.25%  
FXB 
$122.23  0.30%  
FXC 
$71.86  0.03%  
FXE 
$100.43  0.07%  
FXF 
$97.92  0.30%  
FXY 
$59.48  0.12%  
UUP 
$28.56  0.00%  
CORN 
$20.31  0.93%  
SOYB 
$25.52  0.28%  
WEAT 
$6.09  1.30%  
JJC 
$19.56  1.24%  
GLD 
$223.66  1.65%  

US Consumer Credit Slows in March.

consumer credit

Has the consumer spending spree finally hit the wall? With maxed out cards & crushing rates, consumers are spending less.

March, U.S. consumer credit saw a growth of $6.27 billion, falling short of the consensus forecast of $14.80 billion and showing a slowdown from February’s $15.02 billion, which was revised from $14.12 billion.

Total outstanding consumer borrowing increased from $5.05 trillion to $5.06 trillion compared to the previous month. On a seasonally adjusted basis, consumer credit experienced a 3.2% annual growth rate, slightly lower than the 3.4% rate recorded in February.

Revolving credit, encompassing credit card debt, saw a slight increase to $1,337.8 billion from $1,337.6 billion in February. Revolving credit grew at an annual rate of 5.7%, a decrease from the 10.2% rate observed in the previous month.

According to the Federal Reserve’s report, nonrevolving credit, including auto and student debt, rose to $3,721.1 billion from $3,715.0 billion. Nonrevolving credit exhibited a 2.2% annual growth rate compared to 0.9% in January.

Consumer Credit

See Full Fed Report

The risk of loss in trading futures and/or options is substantial and each investor and/or trader must consider whether this is a suitable investment. Past performance, whether actual or indicated by simulated historical tests of strategies, is not indicative of future results.

Market Updates

Sign up for our free, real-time market data updates from market moving reports

Name(Required)

Leave a Reply

Your email address will not be published. Required fields are marked *