The numbers: Total consumer credit rose $23 billion in April, up from a revised $22.8 billion gain in the prior month, the Federal Reserve said Wednesday. That translates into a 5.71% annual rate, up from a revised 5.69% gain in the prior month. It is the fastest pace of credit growth since November.Key... The numbers: Total consumer credit rose $23 billion in April, up from a revised $22.8 billion gain in the prior month, the Federal Reserve said Wednesday. That translates into a 5.
In an interview with MarketWatch, Philadelphia Fed President Patrick Harker said he was not seeing a significant pullback in credit in his district.
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