Consumer credit and confidence….
15:00: Consumer credit for Oct…back to a declining trend? Credit increased in September for only the third time in two years (the other two times were in January 2009 and January 2010) due to an increase in student loans held by the federal government. Expectations for October are for a resumption of the declining trend.
Median forecast (of 33): -$1bn, ranging from -$5bn to +$3bn; last +$2.1bn.
17:00: ABC consumer comfort index…It’s been bouncing between -47 and -45 lately, last at -45.
Carlos Figueira - Keypoint Mortgage 