This week the Fed will release its May Consumer Credit Report. The April Consumer Credit Report found that in February consumer credit increased at a seasonally adjusted rate of 3-1/4 percent. Revolving credit increased at an annual rate of 1/4 percent and nonrevolving credit increased at an annual rate of 4-1/2 percent. To see March's numbers, check out FederalReserve.gov on Monday, May 7 at 3 p.m. EST.
Later in the week, the Fed will also release it's most recent Balance sheet on Thursday at 4:30 p.m. EST. To view the most recent balance sheet trends, click here [1].
Here’s what else is happening in the week ahead:
- Redbook, Tuesday, 8.55 a.m. EST
- MBA Mortgage Apps 7 a.m. EST
- Consumer Price Index, Thursday, 8.30 a.m. EST
- Freddie Mac Primary Mortgage Market Survey, Thursday
- University of Michigan Consumer Sentiment Survey, Friday, 10 a.m. EST.