Consumer credit grows in January at slowest pace in four months
Posted: Thu Mar 08, 2018 6:27 pm
MarketWatch - 3/7/2018 - Greg Robb - The numbers: Consumer borrowing slowed in January, according to the Federal Reserve on Wednesday. Total consumer credit increased $13.9 billion in January to a record seasonally adjusted $3.85 trillion, posting an annual growth rate of 4.3%. That was down from a revised $19.2 billion rate in the prior month and is the smallest gain since September. The prior two months were revised higher by $681 million. Economists had been expecting a $17.4 billion increase in January. Read more @ https://www.marketwatch.com/story/janua ... 2018-03-07