Consumer Credit in U.S. Rises by Most Since November 2016

A customer signs for a purchase with a Barclaycard MasterCard Inc. chip credit card at a Wal-Mart Stores Inc. location in Burbank, California, U.S., on Tuesday, Nov. 22, 2016. Consumer hardline retailers are hopeful Black Friday will provide a strong start to the holiday shopping season, but any lift may come at the expense of margins, as the landscape has become increasingly promotional.Photographer: Patrick T. Fallon/Bloomberg

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By Vince Golle

November 7, 2017 at 8:00 PM UTC

Updated on

November 7, 2017 at 8:21 PM UTC

This article is for subscribers only.

U.S. consumer credit outstanding rose in September by the most since November 2016 as credit-card debt exceeded $1 trillion, Federal Reserve data showed Tuesday.

The pickup in September consumer credit capped a quarter in which debt outstanding grew at an annualized 5.5 percent, the fastest quarterly pace this year.