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Consumer Credit Growth Picked Up in September

November 06, 2020 at 08:57PM

Consumer credit decreased at a seasonally adjusted annual rate of 2.25% in the third quarter according to the Federal Reserve. Revolving credit decreased at an annual rate of 2.5%, while nonrevolving credit increased at an annual rate of 4.0%. In September, revolving credit increased at an annual rate of 4.7%, while nonrevolving credit increased at […]

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