U.S. consumer credit rises 3% in December

WASHINGTON – Consumer credit rose in December as consumers took out more non-mortgage loans, but the rate of borrowing slowed, according to today’s statistical release from the Federal Reserve. The monthly increase was slower than that for the full quarter, and the quarter’s was slower than that for the full year. “Income is more than…

Want More?

Subscribe or register with Providence Business News to keep reading.

REGISTER
for 2 more stories

Subscribe now for $1 for 4 weeks
Already a Subscriber? Login now

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.

- Advertisement -