WHOOSH: Consumer Credit Drops For 11th Straight Month

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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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