U.S. Consumer Credit Rises at Slowest Pace Since November 2013
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Consumer borrowing in the U.S. increased in January at the slowest pace since November 2013 as Americans cut back on their credit-card use.
The $11.6 billion advance followed a $17.9 billion gain in the previous month that was bigger than previously estimated, Federal Reserve figures showed Friday in Washington. Non-revolving credit, which includes loans for education and motor-vehicle purchases, accelerated.