This post was originally published on this site
The numbers: The amount of credit consumers used in May rose by a sharp $22.3 billion, but it slowed from the breakneck pace in the prior three months.
Economists had expected a $30 billion increase, according to the Wall Street Journal forecast.
Borrowing rose at a 5.9% annual rate in May, down from 9.7% in April and 12.7% in March. Credit…
