The Federal Reserve Consumer Credit Report released yesterday showed credit card borrowing in July took its first decline in three months.
In addition, the latest Consumer Credit report released today from the Federal Reserve showed that revolving credit, which is primarily credit card debt, fell in May for the 20th consecutive month.
While investors will be served the November pending home sales index and the November Consumer Credit report set to be released on Tuesday, the big news will come Thursday when Federal Reserve Chairman Ben Bernanke gives a speech.
Other U.S. economic data due for release Friday includes the consumer installment credit report.
But we will get a report on Consumer Credit at 3:00 pm eastern.
Last week, the media lost no time exalting the latest Federal Reserve report that consumer credit jumped 9.3% annually in December, following the 9.9% increase in November.
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U.S. economic data due for release Friday includes the employment report and consumer installment credit.
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In order for a consumer to have access to their credit report through this channel, they must provide Personally Identifiable Information (PII) that should be known only to the individual.
Other U.S. economic data due for release Friday includes the international trade report, and consumer installment credit.
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U.S. economic data due for release Wednesday includes the weekly MBA mortgage applications survey, consumer credit and the weekly DOE energy stocks report.
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U.S. economic data due for release Wednesday includes the weekly MBA mortgage applications survey, consumer installment credit, and the weekly DOE liquid energy stocks report.
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U.S. economic data due for release Thursday includes the weekly jobless claims report, international trade in goods and services, and consumer credit data.
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U.S. economic reports due for release Friday include the jobs report, the University of Michigan consumer sentiment survey, and consumer credit.
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Consumer debt has reached pre-recession levels, according to the Equifax National Credit Trends Report.
But a recent study by the Consumer Financial Protection Bureau found that only less than 20 percent of consumers check their credit report each year.
Analysts highlighted in a recent Wall Street Journal report note that improving confidence on the part of the consumer has helped boost revenue growth expectations for the credit card industry.
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