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The Fed released its consumer credits figures on Tuesday. Consumer credit in the U.S. rose by $19.1 billion in July, exceeding expectations for a $18.5 billion increase, after a $27.02 billion gain June. June's figure was revised up from a $20.74 billion rise.
The increase was driven by gains in both revolving and non-revolving credit. Revolving credit climbed by $5.7 billion in July, while non-revolving credit jumped by $7.0 billion.
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