Growth of consumer borrowing continued in October but at the slowest pace since June, suggesting there may be limits on how much debt consumers are willing to take on. Total consumer credit increased $16 billion in October to a seasonally adjusted $3.7 trillion, posting an annual growth rate of 5.1%, the Federal Reserve reported Wednesday. That is the slowest monthly growth rate the 4.8% rate in June. Credit growth has been above 6% in each of the prior three months and in six of the 10 months of 2016. The increase was also below economist estimates for a $19.3 billion gain in consumer credit in October, according to ... (full story)