US consumer borrowing growth slows in January

WASHINGTON (AP) — U.S. consumers bumped up their borrowing in January at the slowest rate pace in nearly three years, as outstanding revolving debt — such as credit cards — slipped from December.

Borrowing in the revolving category that covers credit cards slipped $1.1 billion, after a strong increase in December that corresponded with holiday shopping.

In its monthly credit report, the Fed does not break down auto loans and student loans in the seasonally adjusted data.