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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
US DATA
- Consumer credit increased by more than expected in June at $17.8B (cons $13.55B) after a particularly low $9.5B in May had marked the softest increase since Nov’20.
- There are some interesting details, with revolving credit (credit cards and the like) seeing its first decline since Apr’21 at -$0.6B after +$8.5B in what could be down to lower gross issuance under tightening conditions or greater repayments to reduce higher yielding data, or a combination of the two. This is however put in scale by charts below.
- Non-revolving debt (vehicle and tuition loans) meanwhile jumped $18.5B after just $0.97B in May, for the highest monthly increase since Oct’22.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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