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Beige Book: Consumers pulling back on purchases

Car sales fell following a pull-ahead in purchases 

Truth Headlam

Lenders in some Federal Reserve bank districts reported falling demand for auto loans and slowing car sales through early July following a pre-tariff purchase frenzy in the spring.   Consumers are pulling back on purchasing in several areas, including autos, as the vehicle market is defined by rising prices, fewer vehicle options amid shrinking inventory and […]

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