U.S. consumer credit dropped sharply in May, a sign of consumers' less willingness to borrow amid uncertain economic prospect and still-sluggish job market, the Federal Reserve reported on Thursday.

(RTTNews) - With credit card debt showing a substantial decrease in the month of May, the Federal Reserve released a report Thursday showing a much steeper than expected drop in consumer credit for the month.

WASHINGTON (MarketWatch) -U.S. consumers shed some of their debt for the fourth month in a row in May, the Federal Reserve reported Thursday. Total seasonally adjusted consumer debt fell $9.15 billion, or a 4.5% annualized rate, in May to $2.42 trillion. Economists expected a decline. The series is very volatile. April consumer credit was revised sharply lower to a decline of $14.86 billion ...

U.S. consumer credit rose at an annual rate of 954.8 million U.S. dollars, or 0.5 percent in April, the Federal Reserve reported Monday. The gain, the only second increase in the past 15 months, was much more than the 1 billion dollar decline that economists expected. According to the report, total consumer borrowing, which the Federal Reserve defines as all loans not secured by real estate ...

U.S. consumer credit rose at an annual rate of 954.8 million U.S. dollars, or 0.5 percent in April, the Federal Reserve reported Monday. The gain, the only second increase in the past 15 months, was much more than the 1 billion dollar decline that economists expected.