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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
- Released mid-week in the late slot by the Federal Reserve, consumer credit was still growing strongly in October, up 7% annualized and continuing to be led by revolving credit growing 10% annualized.
- It sees the stock of debt increase rapidly although the prior strength in nominal income growth meant that the household debt service ratio likely just about remains below pre-pandemic levels. Indeed, latest delinquency metrics remain healthy.
- As such, financial stability risks from surging consumer credit growth appear to remain low, but they could begin to pose a greater restraint on household consumption, itself a key driver of economic growth.
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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