| WASHINGTON, Nov. 6 (UPI) -- Outstanding consumer credit fell by $14.8 billion in September, dropping for the eighth consecutive month, the U.S. Federal Reserve said Friday. SAVE MONEY ON TRAVEL DEALS The decline was far greater than the $9.9 billion contraction economists predicted. Revolving credit, including credit card loans, fell at an annual rate of 13.3 percent, contracting for the 12th consecutive month. Non-revolving credit fell 3.7 percent on an annual basis compared to August. Total outstanding debt among U.S. consumers in September stood at $2.4 trillion, the Fed said. - - - - - - - - - - - - - - - - - - - -
Related News Topics:
High-priority business news
Banks and S
U.S. financial policy
News covering industry
U.S. government news
|
