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Federal Reserve: US Consumer Borrowing Reaches $4 Trillion For First Time. (02/12/2019)

The AP (2/7, Crutsinger) reported the Federal Reserve said last Thursday that US consumer borrowing reached $4 trillion for the first time after December’s $16.6 billion increase. The December borrowing includes $1.7 billion in credit card debt and $14.8 billion in automobile and student loans. Federal Reserve analysts “expect further gains in consumer borrowing, supported by low unemployment and steady income gains.”

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