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'(Reuters) - Consumer credit fell in July for the first time in nearly a year as Americans reduced credit card debt, a worrisome sign for an economy that has struggled to create jobs.
Consumer credit shrank by $3.28 billion in July, the Federal Reserve said on Monday. That was well below the $9.1 billion advance Wall Street economists had forecast in a Reuters poll.'
Consumer credit falls unexpectedly in July | Reuters
FRB: G.19 Release-- Consumer Credit
Consumer credit shrank by $3.28 billion in July, the Federal Reserve said on Monday. That was well below the $9.1 billion advance Wall Street economists had forecast in a Reuters poll.'
Consumer credit falls unexpectedly in July | Reuters
FRB: G.19 Release-- Consumer Credit