US Consumer Credit Increased in February at a More Moderate Pace
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US consumer borrowing grew in February at a more moderate pace, held back by the smallest increase in credit-card balances in nearly two years.
Total credit increased $15.3 billion after an upwardly revised January gain of $19.5 billion, Federal Reserve data showed Friday. The figure, which isn’t adjusted for inflation, compared with the median estimate of an $18 billion increase in a Bloomberg survey of economists.