Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Electricity, Gas, Steam, and Air Conditioning Supply for Ireland
Monthly, Not Seasonally Adjusted
IRLPREND401IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
93.89
Year-over-Year Change
29.70%
Date Range
1/1/2010 - 3/1/2024
Summary
This trend measures the 1-month retail interest rate on unsecured personal loans in the U.S. It provides insights into consumer lending conditions and credit availability.
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
The retail interest rate on unsecured personal loans is a key indicator of credit market conditions and the cost of consumer borrowing. It reflects lenders' risk assessments and the overall interest rate environment.
Methodology
The data is collected directly from lenders and financial institutions by the Federal Reserve.
Historical Context
Policymakers and analysts use this metric to gauge consumer credit market trends and household financial pressures.
Key Facts
- The rate averaged 9.91% in December 2022.
- Rates have risen over 3 percentage points since early 2021.
- Unsecured personal loans make up a growing share of consumer credit.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly, not seasonally adjusted retail interest rate on unsecured personal loans in the United States.
Q: Why is this trend relevant for users or analysts?
A: The personal loan interest rate is a key indicator of consumer credit conditions and the cost of borrowing for households.
Q: How is this data collected or calculated?
A: The Federal Reserve collects this data directly from lenders and financial institutions.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess consumer credit market trends and household financial pressures.
Q: Are there update delays or limitations?
A: The data is reported monthly with a short lag, providing timely insight into personal loan market conditions.
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Citation
U.S. Federal Reserve, Monthly, Not Seasonally Adjusted (IRLPREND401IXOBM), retrieved from FRED.