Consumer Borrowing in U.S. Rises at Slowest Pace in Six Months
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Consumer borrowing rose in August at the slowest pace in six months, reflecting a cooling in lending for autos and education.
The $16 billion increase in total credit followed a revised $18.9 billion gain in the previous month, Federal Reserve figures showed Wednesday. Non-revolving debt, which includes funding for college tuition and auto purchases, climbed by the least since November 2013.