Monitor US Consumer Credit m/m to gauge consumer confidence and spending trends, crucial for market forecasts.
This indicator is linked to consumer spending and confidence, as increasing debt levels suggest that lenders are willing to extend credit and that consumers feel secure in their financial situations, leading them to spend more.
What it Measures
The change in the total amount of consumer credit that requires installment payments.
Usual Effect
When the 'Actual' figure exceeds the 'Forecast', it is typically favorable for the currency.
Source & Frequency
Federal Reserve (latest release) - https://www.federalreserve.gov/ • Released monthly, approximately 35 days after the conclusion of the month.
How Data is Derived
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Also Known As
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Acronym
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