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The Fed released its consumer credits figures on Thursday. Consumer credit in the U.S. rose by $20.5 billion in March, exceeding expectations for a $16.0 billion increase, after a $14.8 billion gain February.
February's figure was revised down from a $15.52 billion rise.
The increase was driven by a gain in non-revolving credit. Revolving credit climbed by $4.3 billion in March, while non-revolving credit jumped by $16.2 billion.
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