Sharp jump in revolving credit in October


October Consumer Credit to $18.19B vs. an expected mark of $14.5B, previous $16.3B (revised).

Revolving credit rose a whopping 6.1% from September, a sharp divergence from months of either declines or flatlines. Is it a trend of consumers using credit cards again, or were furloughed government workers breaking out a lot of plastic in October?

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