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Consumer Credit Slides in September
WASHINGTON (TheStreet) -- Consumer credit fell at a faster pace in September, signaling that consumers are still focused on reducing debt and cutting back on their spending.
The Federal Reserve announced that consumer debt fell by $14.8 billion during the month, significantly more than the $10 billion economists forecast.
September consumer credit outstanding fell at a 7.19% annual rate to $2.46 trillion, its eight consecutive monthly decline. ...
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