Inside these posts: Revolving credit

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Consumer borrowing posts 3rd straight gain

Americans increased credit-card use for the first time since 2008, a sign they are growing more confident about the economy and opening their wallets wider.

The surprising rise in December revolving credit as tracked by the Federal Reserve pushed up consumer credit outstanding by $6.1 billion, or 3.0 percent, to $2.41 trillion. Economists surveyed by Dow Jones Newswires had forecast the Fed data Monday would show consumer credit rising by only $2.5 billion. Get the full story »