Consumer Credit Status Report for September, 2006 Released Today

The Consumer Credit status report for September, 2006 was released by the Fed earlier this afternoon:

Predicted: +$6,000,000,000
Actual: -$1,200,000,000

The above figures represent the month-to-month change in total outstanding, installment-based consumer credit; includes car loans and credit cards.

The "predicted" figure is what economists and Wall Street forecasters were expecting, while the "actual" is the real or true figure.

Click here to view the full Federal Reserve report.