Total Consumer Credit Outstanding in the US
United States| Date | Value | ||
|---|---|---|---|
| Forecast | Actual | Deviation | |
| Date | Related Instruments Price Volatility | |||||
|---|---|---|---|---|---|---|
| 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | ||
Consumer credit outstanding represents the total amount of credit card debt, loans, and other forms of credit held by U.S. consumers. This data is released monthly by the Federal Reserve and is crucial for evaluating trends in consumer credit usage.
An increase in consumer credit outstanding indicates that consumers are actively using credit, suggesting a potential rise in consumer spending. Conversely, a decrease in consumer credit outstanding indicates that consumers are restraining their use of credit, suggesting a potential decline in consumer spending.
This data serves as a reference for policymakers to evaluate trends in consumer credit and to formulate appropriate monetary policies. It is also a vital source of information for businesses and investors to understand trends in consumer credit and to assess economic outlooks.
| Date | Value | Related Instruments Price Volatility | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Forecast | Actual | Deviation | 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | 60 min later | ||
