Federal Reserve data showed that U.S. consumer borrowing grew in September at the slowest rate in 15 months, MarketWatch.com reported. Total consumer credit increased $9.5 billion, down from $17.8 billion in August. Revolving credit, like credit cards, fell for the second straight month in September. That’s the first time this has happened since the summer of 2012. Borrowing fell 1.2 percent after falling 2.5 percent in August. It is the third decline in revolving credit in the past four months. Non-revolving credit, typically auto and student loans, rose 4.2 percent in September.
