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Consumer Borrowing in U.S. Posts Smallest Gain Since July 2012

Photographer: Patrick T. Fallon/Bloomberg
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U.S. consumer debt outstanding in January posted the smallest gain since July 2012 as American households reduced their credit-card balances.

The $8.8 billion advance last month was smaller than the lowest estimate in a Bloomberg survey and followed a revised $14.8 billion gain in the prior month, Federal Reserve figures showed Tuesday.