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June 10, 2019

Borrowing up $17.5B in April

WASHINGTON (AP) — Consumer borrowing accelerated in April to the fastest pace in five months as a rebound in credit card usage offset slower demand for auto and student loans.

The Federal Reserve says borrowing increased by $17.5 billion. That is up from March's $11 billion advance and marks the biggest jump since a $21.7 billion increase last November.


 
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