Consumer Credit in U.S. Rose in April for Eighth Month, Fed Says
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Consumer credit in the U.S. rose in April for the eighth consecutive month, boosted by financing for education and automobiles.
The $6.51 billion increase followed a $12.4 billion gain in the previous month, the Federal Reserve said today in Washington. Non-revolving credit, which includes student loans and automobile lending, climbed by the most in three months.