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

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


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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