saving rate

    U.S. consumer credit falls again, sending the global economy a message

    By Joseph Lazzaro

    | 5:15PM 10/07/2009
    Just call it "the sound of no cards swiping." Americans are keeping their credit cards in their wallets. Balances on U.S. consumer credit cards in August fell at a 5.8 percent annual rate, or by $11.98 billion, the U.S. Federal Reserve announced Wednesday. It was the seventh consecutive monthly...
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