U.S. Consumer Pace of Borrowing Decreased by $7.48 bln

The Federal Reserve said today (Tuesday) that the pace of borrowing by U.S. consumers fell in February. Consumer credit decreased by $7.48 billion, or 3.5 percent at an annual rate, to $2.56 trillion. Credit increased by $8.14 billion in January, more than previously estimated. The Fed’s report doesn’t cover borrowing secured by real estate. Demand for [...]