Remember the March jobs report?
We’ve already forgotten it.
The most important number of the day is coming upt: That’s the February Consumer Credit report.
Official expectations are for $12 billion worth of new consumer credit to have been created. That’s down from $17.77 billion last month.
We’ll be particularly curious to see revolving consumer credit growth (AKA: Credit cards).
As this chart shows, the year over year percentage change in revolving credit has improved every single month for a year.
A continuation of this chart would be great.
Also: Unlike the jobs report, which has a margin of error of like 100K and is going to be revised wildly, this number is very stable and seems to be accurate.
We’ll have the number here LIVE at 3:00 PM ET.