Today's Economic Data Highlights
Just consumer credit today…A $7 – $9 billion POMO will monetize just issued 3 Year bonds.
15:00: Consumer credit for Dec…another increase? Outstanding balances rose in October and November, but this was entirely accountable to an increase in government holdings of student loans, which havve been rising since 2008. Other credit continues to decline, though at a somewhat reduced pace.
Median forecast (of 25): +$2.5bn, ranging from -$1bn to +$9.6bn; last +$1.3bn.
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