Higher spending means the central bank may announce a rate hike sooner than planned
Higher gas prices drove the increase
The December reading is a sharp decline from last month and far worse than economists had expected
Mortgages and car loans drove debt levels in Q3
The decline reflected a big drop in consumer expectations for income, business and labour market conditions
Prices for used vehicles saw largest monthly gain since 1969
The pandemic has accelerated the shift away from many brick-and-mortar outlets
The peer-to-peer platform connects creditworthy borrowers with lenders
Spending rose by 1.9% for the month
It was the first monthly spending increase since the pandemic hit