Consumer credit growth slows in April as shoppers reined in credit card use

June 7, 2016 7:57 PM

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Consumer credit growth slowed in April after reaching a 15-year high the previous month as consumers reined in credit-card usage.

Total consumer credit increased $13.4 billion in April, the Federal Reserve said Tuesday. That's below the $18 billion median estimate of economists surveyed by Bloomberg.

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