Consumer credit increased by $7.7 billion, or 3.7%, in October to $2.457.5 trillion, the Federal Reserve reported Wednesday.

In September, consumer credit rose a revised $6.8 billion, or 3.4%, to $2.450 trillion. The September increase was originally reported as a $7.4 billion, or 3.6%, rise to $2.452 trillion.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.