Note the trend:
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Don Schlagenhauf, chief economist for the St. Louis Fed’s Center for Household Financial Stability, and Lowell Ricketts, the Center’s senior analyst, analyzed consumer credit data and found that a decline in housing-related debt offset growth in other types of consumer debt during the third quarter.

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“The latest data suggest that overall growth may have stalled, despite robust student and auto loan borrowing,” Schlagenhauf and Ricketts wrote.