Americans increased their borrowing in May at the fastest pace in a year. Borrowing in the category that includes credit cards reached its highest point since the fall of 2010.
Increased borrowing can be a sign that consumers are feeling more confident.
The Federal Reserve says consumers increased their borrowing by $19.6 billion in May compared with April. That was the biggest jump since a $19.9 billion increase in May 2012.
Total borrowing reached a record $2.84 trillion.
The category that inc...
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