US Consumer Credit Change (Feb) 9.48B vs. Exp. 10B (Prev. 8.05B)
The US consumer credit change for February came in at $9.48 billion, slightly below the expected $10 billion and above January’s $8.05 billion.
US FX WRAP: Dollar marginally lower as markets remain tentative ahead of Trump deadline tonight
Iranian official says that exchange of messages with the US via mediators is still going on, gives no detail, Reuters reports
US Consumer Credit Change (Feb) 9.48B vs. Exp. 10B (Prev. 8.05B)
[MARKET UPDATE] Equities and gold face pressure following Tasnim report; Oil prices move higher
"If Trump wants to fall into a hole with his madness, we have prepared a black hole for him from which it will be impossible for him to get out", Tasnim reports citing an Iranian military source
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This marginal miss compared to expectations could suggest a slight pullback in consumer borrowing, which may signal cautious sentiment among consumers, potentially impacting future consumer spending and economic growth forecasts.
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