US Consumer Borrowing Rises Most in Three Months on Credit Cards
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US consumer borrowing increased in May by the most in three months, reflecting a jump in credit-card balances.
Total credit outstanding rose $11.4 billion after a revised $6.5 billion gain in April, according to Federal Reserve data released Monday. The median forecast in a Bloomberg survey of economists called for an $8.9 billion increase for May. The figures aren’t adjusted for inflation.