| Definition:
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The amount in dollars of consumer credit outstanding. Consumer credit outstanding is defined as credit not secured by real estate. Consumer credit is tracked through three main categories of credit: Auto Loans, Revolving Credit and Other Loans. Growth in consumer credit outstanding is stated as an annualized rate.
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| Meaning:
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The consumer credit indicator is used to predict consumer-spending trends. Acceleration or slowing of credit growth portends of rising or falling consumer demand. Consumer credit data is considered dated material and has little impact on interest rates.
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| Weight:
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*
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| Source:
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Federal Reserve Board
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| Availability:
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Report is released 6 weeks following the reference month
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| Frequency:
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Monthly
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| Coverage:
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2 Month Lag Factor (Data for May is released in July)
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| Volatility:
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Moderate
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Impact on the Markets:
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| Interest Rates:
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Consumer Credit  =
Interest Rates
Consumer Credit  = Interest Rates
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| Fixed-income:
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Consumer Credit =
Bond Market
Consumer Credit = Bond Market
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| Equities:
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Consumer Credit =
Stock Market
Consumer Credit = Stock Market
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| Dollar:
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Consumer Credit = Uncertain
Consumer Credit = Uncertain
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| More Information:
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Federal Reserve Board
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