News
US consumer credit fell in July by $3.28 billion in July, below expectations of $9.1 bln
However, in a more positive sign, the Fed revised substantially higher its estimate for credit growth in June.
In July, revolving credit shrank by $4.82 billion. Non-revolving credit increased by $1.55 billion.
The availability of consumer credit fell at an annual rate of $39.3 billion in July.