U.S. consumer credit growth accelerates, with non-revolving credit posting the largest increase of the year
In September, consumer borrowing in the United States increased, driven by the largest growth in non-revolving credit recorded this year. Data released by the Federal Reserve on Friday showed that total consumer outstanding credit rose by $13.1 billion in September, with August's data revised upward to an increase of $3.1 billion. The median forecast among economists surveyed by Bloomberg was an increase of $10.2 billion
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