UPDATE: It’s a beat.
Consumer credit rose $14.15 billion in October vs. expectations of a $10 billion rise.
Revolving consumer credit rose $3.4 billion.
That’s a nice reversal from the fall of $2.2 billion last month.
ORIGINAL POST:The last (and arguably most important!) datapoint of the day: Consumer Credit.
The October number is expected to show growth of $10 billion. That compares to growth of $11.365 billion the month before.
We’ll have the number here LIVE at 3 AM ET.