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Talk Stock Trading - Financial Market News

April 9th, 2008

Consumer Lending Slows

The Federal Reserve reported earlier in the week consumer borrowing rose at 2.4% in February, just half of the increase from January. The slowdown was not a surprise and reflected what investors already knew - that consumers are being more cautious in their spending.
Auto loans and other non-revolving credit was even more deeply affected. […]

By kellyphill -- 0 comments