The numbers: Total consumer credit rose at a slower pace in March, the Federal Reserve reported Tuesday. Consumer credit rose at a 1.5% annual rate, down from a 3.6% rate in the prior month. In the first quarter, credit rose at a 3.2% clip, faster than the 2.4% rate in the final three months of 2023. Key details: Credit-card borrowing rose a slight 0.1% in March after a 9.7% gain in the prior month. Nonrevolving loans, mainly student and auto loans, rose 2% after a 1.4% gain the February. Market reaction: Stocks DJIA SPX were slightly in late afternoon trading on Tuesday while the 10-year Treasury yield … (full story)
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