Consumer borrowing regains pre-pandemic pace, Fed says

Sep 8, 2020 |

U.S. consumer borrowing rose 13% in July, the biggest gain since the month before the COVID-19 pandemic shut down the economy, according to a report on Tuesday from the Federal Reserve. It was the fastest pace since February’s 20% gain, which was followed by plunges of 12% in March, 69% in April, and 18% in […more]

Posted in: San Francisco

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