The Federal Reserve issues its July snapshot of U.S. consumer borrowing Tuesday
A look at some of the key business events and economic indicators upcoming this week:
JUST CHARGE IT
The Federal Reserve issues its July snapshot of U.S. consumer borrowing Tuesday.
The tally, which excludes mortgages and other loans secured by real estate, is expected to show consumer borrowing increased by $16 billion, up from an increase of $9 billion the previous month. That gain in June pushed total consumer credit to $4.12 trillion. Consumer borrowing is closely watched for signals about potential consumer spending, which accounts for 70% of U.S. economic activity.
Consumer credit, monthly change, seasonally adjusted, billions of dollars:
July (est.) 16.0
The number of job openings is rising as more businesses that