The Federal Reserve recorded a $27.84 billion increase in consumer credit outstanding in September. That change corresponds to a 6.4% seasonally adjusted annual rate.
The $27.84 billion figure is the change for September itself; 6.4% expresses that month’s pace at a seasonally adjusted annual rate.
In the latest release, the Fed revised August’s increase to $8.19 billion, $90 million below its previous $8.28 billion estimate.
For July through September, revolving credit rose at a 4.1% seasonally adjusted annual rate and nonrevolving credit at 4.2%; the overall rate was 4.2%.
