U.S. consumer credit rises at slowest pace since June 2018

U.S. CONSUMER CREDIT increased $9.5 billion in September, the slowest growth rate since June 2018. / BLOOMBERG FILE PHOTO/DAVID PAUL MORRIS
U.S. CONSUMER CREDIT increased $9.5 billion in September, the slowest growth rate since June 2018. / BLOOMBERG FILE PHOTO/DAVID PAUL MORRIS
WASHINGTON – United States consumer credit rose in September at the slowest rate since mid-2018 as Americans carried smaller credit card balances. Total credit increased $9.5 billion, less than forecast, after a revised $17.8 billion gain in August, Federal Reserve figures showed Nov. 7. Borrowing increased at a 2.8% annualized rate, the slowest since June…

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