U.S. economical data shows that borrowing of money by consumers has seen an unexpected fall in July resulting in a decline in credit card debt. The decrease in borrowing was evident for the first time this year with a straight decline in usage of credit card.
After hitting a fresh historic low Tuesday, the 10-year U.S. Treasury yield has moved up.
The Federal Reserve Board imposed a cap on the fee charged by banks from retailers when the customers use a debit card at their businesses.
The Federal Reserve Bank acknowledged Wednesday that the U.S. economy was growing, but not at the rate at which it had expected.