Credit Growth Slowed in October, Fed Says
From Reuters
Growth in U.S. consumer credit slowed sharply in October, the Federal Reserve said, a sign that shoppers were becoming more cautious ahead of the holiday shopping season.
The Federal Reserve said consumer credit outstanding rose by only $1.5 billion in October, after increasing a revised $4.7 billion in September. Initially, September credit was reported as rising $9.9 billion.
