US Consumer Borrowing Growth Slows in January
WASHINGTON (AP) – U.S. consumers bumped up their borrowing in January at the slowest rate pace in nearly three years, as outstanding revolving debt – such as credit cards – slipped from December. The Federal Reserve says borrowing rose $10.5 billion in January, an annual increase of just 3.58 percent. That marks the smallest gain since February 2013. Total borrowing…
