Consumer Credit in U.S. Rose More Than Forecast in October

Consumer credit in the U.S. increased more than forecast in October, led by another jump in borrowing for student loans and autos.

The $14.2 billion gain followed a revised $12.2 billion advance in September, Federal Reserve figures showed today in Washington. The median forecast of 36 economists surveyed by Bloomberg called for a $10 billion October rise.

Read more at Bloomberg…