Post by bot on Mar 7, 2014 23:29:11 GMT -5
WASHINGTON (MarketWatch) -- Consumer credit climbed at a seasonally adjusted annual rate of 5.3%, or $13.7 billion, in January, the Federal Reserve said Friday. That's slower than the downwardly revised 6.2% growth rate for December. Nonrevolving credit like auto and student loans expanded at a 7.5% clip, the fastest growth rate since September, while revolving credit like credit cards slipped 0.3%.
