Free Trial
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
- Released late yesterday, consumer credit increased by far less than expected in December at $1.56bn (cons $16bn), its smallest amount since August (student loan forgiveness drag) and before that May.
- It does, however, follow November’s much faster than expected acceleration to $23.5bn ($23.75bn before yesterday’s revision).
- Average the two together and consumer credit slows were about as expected and saw an average 3.1% annualized increase over the two months, led by revolving credit growing a very strong 8.8% annualized on average.
- The strength in revolving credit over the past year has seen it push back to pre-pandemic shares within total credit.
- Bloomberg notes that the average rate on credit card accounts with assessed interest was 22.75%, the highest in Fed data back to 1995, whilst the average rate on 60-month car loans was the highest in data back to 2006.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok