Slowdown in Consumer Credit Growth

Michael Mandel

Interesting news from the Fed...the new report on consumer credit (here) shows that consumer credit in January rose by only 2.9% over a year earlier, the smallest increase since 1993.

Perhaps more telling, consumer credit actually fell after adjusting for inflation and population size. That is, real consumer credit per person is down by about 1% over a year earlier.

Just an observation.

Before it's here, it's on the Bloomberg Terminal.