May 9, 2024, 8:17 AM
May 7, 2024, 7:07 PM
US Consumer Borrowing Rises Modestly, Driven by Decrease in Credit Card Usage
- US consumer borrowing increased by $6.3 billion in March, the smallest gain this year.
- Americans relied less on credit cards, leading to the limited growth in total credit.
- The Federal Reserve data shows a shift in consumer borrowing habits towards decreased credit card usage.
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