Consumer credit up $18.4 billion, most in 6 months
Posted: Sun Jul 16, 2017 11:55 am
Post Bulletin - 7/10/2017 - Martin Crutsinger (AP) - American consumers increased their borrowing in May at the fastest pace in six months, reflecting a sharp rebound in the category that includes credit cards. The Federal Reserve reported Monday that total consumer borrowing rose by $18.4 billion in May, the strongest gain since a $25.1 billion increase in November. In addition, April's gain of $8.2 billion, the weakest increase in nearly six years, was revised up to a more respectable increase of $12.9 billion. Read more http://www.postbulletin.com/business/co ... d94e0.html