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The Fed released its consumer credits figures on Tuesday. Consumer credit in the U.S. rose by $15.5 billion in February, exceeding expectations for a $13.6 billion increase, after a $10.8 billion gain January.
January's figure was revised down from a $11.6 billion rise.
The increase was driven by a gain in non-revolving credit. Non-revolving credit surged up by $19.2 billion in February, while revolving credit declined by $3.7 billion.
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