Consumer Credit Change

The Consumer Credit released by the Board of Governors of the Federal Reserve is an amount of money that individuals borrowed. It shows if consumers can afford large expenses, which can fuel economic growth. However, a high figure may also indicate that the economy is overheating, as consumers borrow in order to live beyond their means. A high reading is seen as positive (or Bullish) for the USD, whereas a low reading is seen as negative.

Most recent - Wednesday 7 May 2025 19:00

Previous
$-0.81B
Revised
-
Forecast
$9.5B
Actual
$10.17B

Higher numbers than forecast tend to be bullish for USD/xxx pairs and bearish for xxx/USD pairs.

Trading range

Forecast history

The most recent announced value for Consumer Credit Change was $10.17B against a forecast of $9.5B.

Past events

Date
Forecast
Actual
Wednesday 7 May 2025 19:00
$9.5B
$10.17B
Monday 7 April 2025 19:00
$15.2B
$-0.81B
Friday 7 March 2025 20:00
$14.5B
$18.08B
Friday 7 February 2025 20:00
$12.35B
$40.85B
Wednesday 8 January 2025 20:00
$10.5B
$-7.49B
Friday 6 December 2024 20:00
$10B
$19.24B
Thursday 7 November 2024 20:00
$14.5B
$6B
Monday 7 October 2024 19:00
$12B
$8.93B
Monday 9 September 2024 19:00
$12.5B
$25.45B
Wednesday 7 August 2024 19:00
$10B
$8.93B
Monday 8 July 2024 19:00
$10B
$11.35B
Friday 7 June 2024 19:00
$11B
$6.4B
Tuesday 7 May 2024 19:00
$15B
$6.27B
Friday 5 April 2024 19:00
$15B
$14.12B
Thursday 7 March 2024 20:00
$9.25B
$19.49B
Wednesday 7 February 2024 20:00
$16B
$1.56B
Monday 8 January 2024 20:00
$9B
$23.75B
Thursday 7 December 2023 20:00
$9B
$5.13B
Tuesday 7 November 2023 20:00
$10B
$9.06B
Friday 6 October 2023 19:00
$11.7B
$-15.63B
Friday 8 September 2023 19:00
$16B
$10.4B
Monday 7 August 2023 19:00
$13B
$17.85B
Monday 10 July 2023 19:00
$20.5B
$7.24B
Wednesday 7 June 2023 19:00
$22B
$23B
Friday 5 May 2023 19:00
$16.5B
$26.51B
Friday 7 April 2023 19:00
$19B
$15.29B
Tuesday 7 March 2023 20:00
$20B
$14.8B
Tuesday 7 February 2023 20:00
$24B
$11.56B
Monday 9 January 2023 20:00
$25B
$27.96B
Wednesday 7 December 2022 20:00
$28.5B
$27.08B
Monday 7 November 2022 20:00
$30B
$24.98B
Friday 7 October 2022 19:00
$25B
$32.24B
Thursday 8 September 2022 19:00
$33B
$23.81B
Friday 5 August 2022 19:00
$25B
$40.15B
Friday 8 July 2022 19:00
$31.9B
$22.35B
Tuesday 7 June 2022 19:00
$35B
$38.07B

Economic context

Recent economic data has been broadly neutral for USD. Other recent announcements which may affect the market's interpretation of the next Consumer Credit Change result:

PreviousLatest
Initial Jobless ClaimsBullish change241K228K
Nonfarm ProductivityBearish change1.7%-0.8%
Unit Labor CostsBullish change2%5.7%
Fed Interest Rate Decision(no change)4.5%4.5%
ISM Services Employment IndexBullish change46.249
ISM Services New Orders IndexBullish change50.452.3
ISM Services PMIBullish change50.851.6
ISM Services Prices PaidBullish change60.965.1
S&P Global Composite PMIBearish change51.250.6
Factory Orders (MoM)Bullish change0.5%4.3%
Average Hourly Earnings (MoM)Bearish change0.3%0.2%
Average Hourly Earnings (YoY)(no change)3.8%3.8%
Labor Force Participation RateBullish change62.5%62.6%
Nonfarm PayrollsBearish change185K177K
U6 Underemployment RateBullish change7.9%7.8%
Unemployment Rate(no change)4.2%4.2%
ISM Manufacturing Employment IndexBullish change44.746.5
ISM Manufacturing New Orders IndexBullish change45.247.2
ISM Manufacturing PMIBearish change4948.7
ISM Manufacturing Prices PaidBullish change69.469.8
Initial Jobless ClaimsBearish change223K241K
Challenger Job CutsBearish change275.24K105.441K
Core Personal Consumption Expenditures - Price Index (MoM)Bearish change0.5%0%
Core Personal Consumption Expenditures - Price Index (YoY)Bearish change3%2.6%
Personal Consumption Expenditures - Price Index (MoM)Bearish change0.4%0%
Personal Consumption Expenditures - Price Index (YoY)Bearish change2.7%2.3%
Personal Income (MoM)Bearish change0.7%0.5%
Personal SpendingBullish change0.4%0.7%
Pending Home Sales (MoM)Bullish change2.1%6.1%
Chicago Purchasing Managers' IndexBearish change47.644.6
Core Personal Consumption Expenditures (QoQ)Bullish change2.6%3.5%
Employment Cost Index(no change)0.9%0.9%
Gross Domestic Product AnnualizedBearish change2.4%-0.3%
Gross Domestic Product Price IndexBullish change2.3%3.7%
Personal Consumption Expenditures Prices (QoQ)Bullish change2.4%3.6%
ADP Employment ChangeBearish change147K62K
JOLTS Job OpeningsBearish change7.48M7.192M
Housing Price Index (MoM)Bearish change0.3%0.1%
Michigan Consumer Sentiment IndexBullish change50.852.2
UoM 5-year Consumer Inflation Expectation(no change)4.4%4.4%
Michigan Consumer Expectations IndexBullish change47.247.3
UoM 1-year Consumer Inflation ExpectationsBearish change6.7%6.5%

About Consumer Credit Change

Country:United States
Currency:USD
Source:Federal Reserve
Category:Inflation
Frequency:Monthly

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