US June consumer credit data

  • Prior was +$24.559B (revised to $24.259B)

  • Revolving (i.e. credit cards) -$185M vs +$9.75B prior

  • Non-revolving (i.e. car loans) +$10.4B vs $+14.81B

Never underestimate the power of the US consumer. Looks like some credit cards were paid off in June but more car and student loans.