TheNews

Consumer credit in the U.S. showed another significant increase in the month of April, according to a report released by the Federal Reserve on Friday.

The report said consumer credit surged up by $20.5 billion in April after jumping by an upwardly revised $21.3 billion in March.

Economists had expected credit to climb by about $16.5 billion compared to the $20.5 billion increase originally reported for the previous month.

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