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.

Next event - Wednesday 7 October 2026 19:00

Previous
$18.06B
Forecast
$15B
Actual
-

The typical/expected market impact of this event is low.

The consensus forecast for Consumer Credit Change is $15B. A higher value than forecast tends to be bullish for USD/xxx pairs and bearish for xxx/USD pairs.

Most recent - Tuesday 8 September 2026 19:00

Previous
$14.17B
Revised
$14.56B
Forecast
$11.7B
Actual
$18.06B

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 $18.06B against a forecast of $11.7B.

Past events

Date
Forecast
Actual
Tuesday 8 September 2026 19:00
$11.7B
$18.06B
Friday 7 August 2026 19:00
$10.5B
$14.17B
Wednesday 8 July 2026 19:00
$17.1B
$-0.18B
Friday 5 June 2026 19:00
-
$20.73B
Thursday 7 May 2026 19:00
$12.5B
$24.86B
Tuesday 7 April 2026 19:00
$10B
$9.48B
Friday 6 March 2026 20:00
$12B
$8.05B
Friday 6 February 2026 20:00
$8B
$24.05B
Thursday 8 January 2026 20:00
$10B
$4.229B
Friday 5 December 2025 20:00
$10.5B
$9.18B
Friday 7 November 2025 20:00
$10B
$13.09B
Tuesday 7 October 2025 19:00
$13.5B
$0.36B
Monday 8 September 2025 19:00
$10.1B
$16.01B
Thursday 7 August 2025 19:00
$7B
$7.37B
Tuesday 8 July 2025 19:00
$11B
$5.1B
Friday 6 June 2025 19:00
$10.85B
$17.87B
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

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
ADP Employment Change 4-week averageBullish change22.5K23.75K
ISM Services Employment IndexBullish change47.850.1
ISM Services New Orders IndexBearish change60.959.8
ISM Services PMIBearish change55.454.9
ISM Services Prices PaidBullish change72.674
S&P Global Composite PMI(no change)58.458.4
Factory Orders (MoM)Bearish change0.8%0.1%
Average Hourly Earnings (MoM)Bearish change0.3%0.1%
Average Hourly Earnings (YoY)Bearish change3.1%3%
Labor Force Participation RateBullish change61.6%61.8%
Nonfarm PayrollsBearish change133K29K
U6 Underemployment RateBullish change7.7%7.6%
Unemployment RateBearish change4.1%4.2%
ISM Manufacturing Employment IndexBullish change51.252.7
ISM Manufacturing New Orders IndexBullish change53.755.3
ISM Manufacturing PMIBearish change54.654.5
ISM Manufacturing Prices PaidBullish change71.177.9
Initial Jobless ClaimsBullish change198K197K
Challenger Job CutsBearish change52.881K43.281K
Chicago PMIBullish change47.158.8
Core Personal Consumption Expenditures - Price Index (MoM)Bullish change0.1%0.2%
Core Personal Consumption Expenditures - Price Index (YoY)(no change)3%3%
Core Personal Consumption Expenditures (QoQ)Bearish change3.6%3.3%
Gross Domestic Product AnnualizedBullish change1.5%2.2%
Gross Domestic Product Price IndexBearish change6.4%6.1%
Personal Consumption Expenditures - Price Index (MoM)Bullish change0.1%0.3%
Personal Consumption Expenditures - Price Index (YoY)(no change)3.4%3.4%
Personal Consumption Expenditures Prices (QoQ)Bearish change5.3%5%
Personal Income (MoM)Bearish change0.3%0.2%
Personal SpendingBullish change0.1%0.9%
ADP Employment ChangeBullish change36K90K
JOLTS Job OpeningsBearish change7.335M7.079M
Housing Price Index (MoM)Bullish change0%0.3%
Michigan Consumer Expectations IndexBullish change45.846.3
Michigan Consumer Sentiment IndexBullish change47.848.1
UoM 1-year Consumer Inflation Expectations(no change)4.6%4.6%
UoM 5-year Consumer Inflation Expectation(no change)3.4%3.4%
Durable Goods OrdersBearish change0.9%0%
Durable Goods Orders ex DefenseBearish change1.4%0.1%
Durable Goods Orders ex TransportationBearish change0.7%0.3%
Nondefense Capital Goods Orders ex AircraftBullish change0.6%1.6%
New Home Sales Change (MoM)Bullish change-4.3%6.4%
Initial Jobless ClaimsBullish change198K197K

About Consumer Credit Change

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

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