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May 10, 2021
WASHINGTON (AP) — U.S. consumer borrowing rose by a strong $25.8 billion in March, the second month in a row of sizable gains and a further indication that the economic recovery is picking up steam.
The March gain reported Friday by the Federal Reserve followed an even larger $26.1 billion consumer-borrowing rise in February. The two monthly increases were the biggest gains since a $26.8 billion increase in December 2019, before the pandemic hit.
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