Ahead of the Bell?

Government goods due out Thursday is expected to show that consumers borrowed at a slower pace in December than the prior month when holiday shoppers racked up credit card debt.

The Federal Reserve releases its December consumer credit report at 3 p.m. EST. The market expects consumer

borrowing increased by $7.4 billion, according to a consensus estimate of Wall Street economists surveyed by Thomson/IFR. That’s down from the $15.5 billion racked up in November. However, economists’ latest estimates for December ranged from $4 billion to $12 billion.

Orginal post by CreditPro

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