Consumers slammed the brakes on borrowing in December, Fed data show

Consumers slammed the brakes on borrowing in December, Fed data show

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The numbers: Total U.S. consumer credit rose by $1.5 billion in December, down from a $23.4 billion gain in the previous month, the Federal Reserve said Wednesday. That translates to a 0.4% annual growth rate in December, down from a 5.7% increase in November. It is the slowest pace of credit…

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