Consumer borrowing growth slowed in March, according to the Federal Reserve on Tuesday. Total consumer credit increased $10.3 billion. That's an annual...
Consumer borrowing growth slowed in March, according to the Federal Reserve on Tuesday. Total consumer credit increased $10.3 billion. That's an annual growth rate of 3.1%, down from a $15.4 billion gain or 4.6% rise, in the prior month. Economists has been expecting a $16.5 billion gain in March, according to Econoday. On Monday, the Fed's latest report on financial stability said the level of household borrowing was not excessive.
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