Here’s more buying power coming out of the economy.
Outstanding debts held by consumers fell for the 11th month in a row by a seasonally adjusted $1.73 billion, or an annualized rate of 0.8% in December.
For what it’s worth this is way better than the 10.7% drop in November
The official release can be found at the Federal Reserve.
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See Also:
- October Retail Sales Beat Expectations, But All Growth Was Just Autos
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- BJ’s Comparable Sales Fall, But They Aren’t Bothered At All