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Econoday will release their report on Consumer Credit for January 2017 on Tuesday. The prior month-over-month drop in consumer credit was $11 billion.
In last month's report for December, Econoday’s research showed slowing consumer credit, compared to $25.2 billion in November. Nonrevolving credit, which reflects auto loans and student loans rose $11.8 billion.
The following chart from Econoday shows the monthly debt to income ratio, as more consumers use credit to spend outside their means.
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Neel Kashkari Speaks speaks at NABE conference in panel titled "A View from the FRB Minneapolis," in Washington, D.C , Monday 3:00 p.m. ET
Consumer Credit Report, Tuesday 3:00 p.m. ET
MBA Mortgage Applications, Wednesday 7:00 a.m. ET
