The Federal Reserve on Tuesday released an October snapshot of US consumer lending
A look at some of the key business events and economic indicators coming up this week:
just charge it
The Federal Reserve on Tuesday released its latest monthly tally of US consumer lending.
The tally, which excludes mortgages and other loans secured by real estate, is expected to increase consumer lending by $25 billion in October, down from a $29.9 billion gain in the previous month. Americans ramped up their use of credit this spring, but the pace has slowed since a nearly $36 billion increase in borrowing in June.
Consumer credit, monthly change, seasonally adjusted, billions of dollars:
October (est.) 25.0
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The number of jobs available since June has exceeded 10 million. The record before the pandemic was 7.5 million. The demand for new employees comes as Americans are increasingly leaving their jobs, in many cases for more money than companies pay to fill vacancies. The number of October job openings is due on Wednesday.
JOLTS Job Openings in Lakhs, Month Wise:
In the club
Wall Street expects another solid quarterly snapshot from Costco Wholesale.
Analysts forecast that the warehouse club operator will report Thursday that its earnings and revenues increased in its first quarter compared to the same period last year. This will echo the company’s results in the previous fiscal year that ended in August. Issaquah, Washington-based Costco has already reported strong annual sales growth for September, October and November.