Source: The Federal Reserve
U.S consumer credit rose at an annual rate of 5.3% or $18.6 billion in April. The surge was fueled by strong trends in auto loans and students’ loans. DJI is down 0.36%, SPX is down 0.08%, DXY is up 0.18%
Revolving credit, that includes credit cards declined 2.4%, after rising by 1.7% in March
Non-revolving credit, consisting of student and auto loans surged 7.6% at the back of a 6.4% jump in March.