WASHINGTON (AP) -- Consumers boosted their borrowing in September, defying expectations for a cutback.The Federal Reserve's report, released Friday, says consumer credit increased at a 3.2 percent annual pace in September. That was up from a 2.9 percent rate of decline in August and marked the biggest increase since July.
Economists expected consumers trimmed their borrowing at a 0.5 percent pace in September.
Consumer debt rose by $6.9 billion in September from the previous month to a total of $2.59 trillion.
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