
Consumer Credit Rises $8.3 Billion in August, Missing Forecasts as Credit Card Balances Post Their Steepest Drop in a Year
U.S. consumer credit rose $8.28 billion in August, well short of the $15 billion economists expected, according to Federal Reserve data released October 7. Revolving credit, mostly credit card balances, fell $4.79 billion, while auto and student loans kept total borrowing growing at a 1.9% annual rate, the slowest pace















