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Borrowing by U.S. Consumers Rises Least Since November 2013

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Consumer borrowing rose in January by the least since November 2013 as Americans’ outstanding credit-card debt dropped for the first time in nearly a year.

The $10.5 billion advance in total credit followed a revised $21.4 billion gain in the previous month, Federal Reserve figures showed Monday. Revolving debt, which includes credit cards, declined $1.1 billion, the first decrease since February 2015.