U.S. consumer credit increased less than forecast in June

U.S. CONSUMER DEBT increased by $14.6 billion in June. / BLOOMBERG FILE PHOTO/DAVID PAUL MORRIS
WASHINGTON – United States consumer debt rose less than forecast in June as Americans whittled away at their credit-card balances following a big bump in the previous month. Total credit rose $14.6 billion, the least in three months and undershooting the median estimate of economists after a revised $17.8 billion increase in May, Federal Reserve…

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