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US consumer debt rises at slower pace on drop in card balances

Total credit outstanding rose $5.1B

Bloomberg News

US consumer borrowing increased in May at the slowest pace in three months on a pullback in credit card and other revolving debt outstanding. Total credit outstanding rose $5.1 billion after a revised $16.9 billion gain in April, according to Federal Reserve data out Tuesday. The median projection in a Bloomberg survey of economists called […]

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