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News Link • Business/ Commerce

US Consumer Credit Hits All Time High As Credit Card Usage Stalls

• by Tyler Durdan

Then moments ago, the Fed reported that in July, consumer credit posted a solid rebound, rising by $16.6 billion, above the $14.4 billion expected, and bringing the total to $3.92 trillion, a 5.1% annualized increase from a year ago, and a new all time high.

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