Consumer Credit Increases $20.4B in November

Last week:

Consumer credit increased $20.4B in November; what was the primary driver of this increase?

Answer:

Approximately 75% of the rise in consumer credit was due to an increase in non-revolving credit, which continued to show strength in student loans.

Next week:

How much did the Federal Reserve’s Treasury holdings increase in 2011?

Source: Federal Reserve, J.P. Morgan Asset Management

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