US consumer borrowing rose in July, reflecting a rebound in credit-card balances. Total credit increased $10.4 billion, Federal Reserve data showed Friday. The gain, which isn’t adjusted for inflation, was less than the $16 billion median forecast in a Bloomberg survey of economists. Revolving credit outstanding, which includes credit cards, climbed $9.6 billion after declining in the previous month. Non-revolving credit, such as loans for school tuition and vehicle purchases, rose $773 million. Despite persistent inflation and high interest rates, consumer spending has remained resilient and helped power the ... (full story)