US CONSUMER CREDIT HITS RECORD $5.19 TRILLION

Total US consumer credit climbed to a record $5.19 trillion in August, Federal Reserve data show. Non-revolving credit, which covers auto and student loans, pushed to an all-time high of $3.84 trillion. Revolving credit, mostly credit cards, pulled back to $1.35 trillion as households trim balances. Americans ($XLY) keep financing big-ticket purchases even as card spending cools.