U.S. Consumer credit unexpectedly fell in July - hpc

hpc

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On account of Americans reduce credit card debt, U.S. July consumer credit decline for the first time over the past year.
The U.S. Fed announced July consumer credit decreased by $ 3.28 billion, much lower than the market expected to increase $ 9.1 billion. Provided that the Federal Reserve will substantially revised June credit growth, it is a positive signal.
Some of the analysts said, worried about the turbulent economic situation, makes Americans Increase in liabilities will reduced or the lending institutions loans will reduced.
 
 
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