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She said the gains in credit card debt were coming from very low levels. "These increases could be a little glimmer of hope that households are starting to feel more comfortable about using their credit cards," Zentner said. Gregory Daco, an economist at Global Insight, said that the consumer sector was still facing significant problems. "Despite recent good economic news from the January employment report and business surveys, euphoria should be tempered by still-high unemployment, still-high levels of debt and still-low household wealth," Daco said. The Federal Reserve's borrowing report covers auto loans, student loans and credit cards. It excludes mortgages, home equity loans and other loans tied to real estate.
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