WASHINGTON (MarketWatch) — Consumer credit jumped 10% in September, or by a seasonally adjusted annual rate of $28.9 billion, the Federal Reserve reported Friday. That’s the biggest monthly rise since April 2014. Nonrevolving credit, like auto and car loans, jumped 10.5%, and revolving credit, like credit cards, grew 8.7%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News