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The Fed released its consumer credits figures on Monday. Consumer credit in the U.S. rose by $15.98 billion in October, missing expectations for a $20.7 billion increase, after a $28.57 billion gain September. September's figure was revised down from a $28.92 billion rise.
The increase was driven by gains in non-revolving credit. Revolving credit climbed by $0.18 billion in October, while non-revolving credit jumped by $15.8 billion.
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