MoM Change in Consumer Credit 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 | ||
The month-over-month change in consumer credit outstanding indicates the amount by which the total credit card debt, loans, and other forms of credit held by U.S. consumers have increased or decreased compared to the previous month. This data is released monthly by the Federal Reserve and is crucial for evaluating trends in consumer credit usage.
Month-over-month data helps to understand how consumer credit outstanding has fluctuated over a short period. An increase in consumer credit outstanding suggests that consumers are actively using credit, potentially leading to a rise in consumer spending. Conversely, a decrease in consumer credit outstanding indicates that consumers are restraining their use of credit, potentially leading to a decline in consumer spending.
This data is a valuable reference for policymakers to evaluate trends in consumer credit and formulate appropriate monetary policies. It also serves as a crucial 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 | ||
