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Consumer credit rebounds strongly, and the debt piles up!

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 7, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Consumer credit rebounds strongly, and the debt piles up! February's consumer credit numbers release came out today. total outstanding consumer credit ticked up another 17.6 billion from January. Given that January was a particularly bad month for credit card big spenders! The total percent change came in at 5.8% vs a 5.1% for January and 2.2% for DEC. check out the table below This number came in better than expected all around, but the stock market didn't like it one bit today,

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