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US consumer borrowing surges on jump in credit-card balances

Revolving credit increased $19.1 billion

Bloomberg News

US consumer borrowing surged in November by the most in a year on a jump in credit-card balances as the holiday-shopping season kicked into high gear. Total credit rose $23.8 billion after rising a revised $5.8 billion in October, according to Federal Reserve data out Monday. The figure well exceeded the highest estimate in a […]

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