Consumer borrowing slows in July
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Americans increased their borrowing in July at the slowest pace in four months as the gain in credit card debt fell off sharply.
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ASHINGTON, Aug. 17 - Consumer prices declined slightly in July, pulled down by an incongruous drop in gasoline prices and by lower prices in other less volatile areas, suggesting that inflation may be slowing, the government reported ...
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While the U.S. economy continued to  grow in late July and August, growth slowed in several regions  as household spending softened, the Federal Reserve said on  Wednesday.
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Americans reached for their credit  cards with gusto in May after an April lull, sending overall  U.S. consumer borrowing up by $12.90 billion -- more than twice  the forecast rise, a Federal Reserve Board report showed on  Monday.
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However, a sluggish rise in incomes in July raised concerns that spending might fizzle again soon if it is not supported by more substantive growth in jobs and wages.
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WASHINGTON -- Consumers boosted their spending in July by the largest amount in six months, offering hope that the current economic slowdown may not be as severe as some had feared.
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The US economy saw limited growth from mid July, says the Federal Reserve in its Beige Book survey.
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Consumer sentiment slipped  unexpectedly in July, a report showed on Friday, as consumers&#039;  view of their current conditions and expectations declined  modestly.
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Consumers borrowed more freely in September, especially when it came to racking up charges on their credit cards, the Federal Reserve reported Friday.
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A measure of consumer confidence slid  to a nine-month low in August as worries about job growth and  the economy overshadowed a pause by the Federal Reserve in  raising interest rates, a survey showed on Tuesday.
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Shoppers spent more freely in July, raising hopes that June's economic lull would not last.
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There was a sharp slowdown in mortgage lending last month, says the Council of Mortgage Lenders.
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U.S. consumers' appetite to purchase  homes and refinance existing loans fizzled last week despite a  decline in mortgage rates, an industry trade group said on  Wednesday.
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Borrowers fell behind in their payments on a higher percentage of consumer loans in the first three months of the year, pinched by slowing job and wage growth and climbing gasoline prices, new figures showed yesterday.
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Inflation was under control in July and U.S. factories were busier than forecast, according to economic data released on Friday, but other reports showed U.S. consumer sentiment worsened in August and the outlook for economic growth weakened.
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The first economic data to emerge since last month's credit woes suggest a modest impact on business and consumers.
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U.S. consumer confidence retreated in  August while Chicago-area business activity slowed, according  to reports on Tuesday that added to worries the economy's patch  of slow growth may last beyond the summer.