Consumer credit increased at a seasonally adjusted annual rate of 3.2% in the third quarter of 2024, the Federal Reserve reported today. In September, consumer credit increased at an annual rate of 1.4 percent. Nonrevolving debt — the category that includes auto loans and student loans—increased at an annual rate of 3.4% in Q3, while revolving debt, which includes credit cards, increased at an annual rate of 2.8%.
House votes to end government shutdown
The House voted in favor of a Senate deal to reopen the government, ending a shutdown that began on Oct. 1.











