Consumer credit outstanding from the Fed:

  • Prior revised to $18.94B from $19.10B
  • Revolving credit +$4.03B vs $+4.32B prior
  • Non-revolving credit $+$11.99B vs $+14.78

US consumers took on a bit less debt than anticipated in August. It was still led by non-revolving credit, which is generally student and car loans.