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 - Friday 6 February 2026 20:00

Previous
$4.229B
Forecast
$8B
Actual
-

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

The consensus forecast for Consumer Credit Change is $8B. A higher value than forecast tends to be bullish for USD/xxx pairs and bearish for xxx/USD pairs.

Most recent - Thursday 8 January 2026 20:00

Previous
$9.18B
Revised
-
Forecast
$10B
Actual
$4.229B

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

Trading range

Forecast history

The most recent announced value for Consumer Credit Change was $4.229B against a forecast of $10B.

Past events

Date
Forecast
Actual
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
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

Economic context

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

PreviousLatest
JOLTS Job OpeningsBearish change6.928M6.542M
Initial Jobless ClaimsBearish change209K231K
Challenger Job CutsBullish change35.553K108.435K
ISM Services Employment IndexBearish change51.750.3
ISM Services New Orders IndexBearish change56.553.1
ISM Services PMI(no change)53.853.8
ISM Services Prices PaidBullish change65.166.6
S&P Global Composite PMIBullish change52.853
ADP Employment ChangeBearish change37K22K
ISM Manufacturing Employment IndexBullish change44.848.1
ISM Manufacturing New Orders IndexBullish change47.457.1
ISM Manufacturing PMIBullish change47.952.6
ISM Manufacturing Prices PaidBullish change58.559
Chicago PMIBullish change43.554
Producer Price Index (MoM)Bullish change0.2%0.5%
Producer Price Index (YoY)(no change)3%3%
Producer Price Index ex Food & Energy (MoM)Bullish change0%0.7%
Producer Price Index ex Food & Energy (YoY)Bullish change3%3.3%
Factory Orders (MoM)Bullish change-1.3%2.7%
Initial Jobless ClaimsBullish change210K209K
Nonfarm Productivity(no change)4.9%4.9%
Unit Labor Costs(no change)-1.9%-1.9%
Fed Interest Rate Decision(no change)3.75%3.75%
Housing Price Index (MoM)Bullish change0.4%0.6%
ADP Employment Change 4-week averageBearish change8K7.75K
Durable Goods OrdersBullish change-2.1%5.3%
Durable Goods Orders ex DefenseBullish change-1.3%6.6%
Durable Goods Orders ex TransportationBullish change0.1%0.5%
Nondefense Capital Goods Orders ex AircraftBullish change0.3%0.7%
Michigan Consumer Expectations IndexBullish change5557
Michigan Consumer Sentiment IndexBullish change5456.4
UoM 1-year Consumer Inflation ExpectationsBearish change4.2%4%
UoM 5-year Consumer Inflation ExpectationBearish change3.4%3.3%
S&P Global Composite PMIBullish change52.752.8
S&P Global Manufacturing PMIBullish change51.851.9
S&P Global Services PMI(no change)52.552.5

About Consumer Credit Change

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

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