Americans are becoming ‘reluctant’ to make larger purchases, new Fed report shows | CNN Business
Minneapolis CNN — As retail sales took a bit of a breather in Decemberso did the credit cards. US consumers’ outstanding credit grew by $11.56 billion to end the year, according to Federal Reserve data released Tuesday. It’s the lowest monthly gain since January 2021 and well below economists’ expectations of $25 billion. For much … Read more