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Flash News List

List of Flash News about financial contraction

Time Details
2025-04-14
18:43
US Consumer Credit Unexpectedly Drops $810 Million: Impact on Cryptocurrency Market

According to The Kobeissi Letter, US consumer credit fell by $810 million in February, marking the second decline in four months. This unexpected drop, driven by reduced credit card balances and motor loans, was far below the expected $15 billion rise. Cryptocurrency investors should note this financial contraction as it could influence market liquidity and consumer spending, potentially affecting crypto market trends.

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