Millions of Dollars, Monthly Rate
This dataset tracks millions of dollars, monthly rate over time.
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
7/1/1990 - 5/1/2025
Summary
The 'Millions of Dollars, Monthly Rate' trend measures the volume of U.S. credit card transactions processed by banks on a monthly basis. This metric provides insight into consumer spending and economic activity.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This economic series tracks the total dollar value of credit card transactions processed by U.S. banks each month. It is a key indicator of consumer spending patterns and can be used to analyze trends in consumer behavior and overall economic conditions.
Methodology
The data is collected directly from major U.S. banks and card processors.
Historical Context
Economists and policymakers monitor this trend to gauge the health of consumer markets and broader economic trends.
Key Facts
- Credit card spending accounts for over $4 trillion in annual U.S. transactions.
- The 'Millions of Dollars, Monthly Rate' series dates back to 1997.
- Monthly credit card transaction volumes vary seasonally and with economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar volume of credit card transactions processed by U.S. banks on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer spending patterns and can be used to analyze broader economic conditions and trends.
Q: How is this data collected or calculated?
A: The data is collected directly from major U.S. banks and credit card processors.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to gauge the health of consumer markets and inform decisions related to monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis with a typical 2-3 month delay.
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Citation
U.S. Federal Reserve, Millions of Dollars, Monthly Rate (DTCNRVHFXDFBANM), retrieved from FRED.