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The Fed released its consumer credits figures on Friday. Consumer credit in the U.S. rose by $21.27 billion in December, exceeding expectations for a $16.0 billion increase, after a $14.02 billion gain November. November's figure was revised up from a $13.95 billion rise.
The increase was mainly driven by gains in non-revolving credit. Revolving credit climbed by $5.8 billion in October, while non-revolving credit jumped by $15.4 billion.
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