Annual, Not Seasonally Adjusted
LRIN24MAO1A156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
49.50
Year-over-Year Change
6.45%
Date Range
1/1/2005 - 1/1/2016
Summary
This economic trend measures the annual, not seasonally adjusted interest rate for consumer loans. It provides insights into changes in consumer credit markets and can inform policymakers on household financial conditions.
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 annual, not seasonally adjusted interest rate for consumer loans represents the interest charged on various types of consumer credit, including credit cards, auto loans, and personal loans. This data series is used by economists and analysts to gauge broader trends in consumer lending and household borrowing.
Methodology
The data is collected and reported by the U.S. Federal Reserve through its consumer credit surveys.
Historical Context
Policymakers and market analysts use this trend to assess the affordability and accessibility of consumer credit.
Key Facts
- The annual interest rate averaged 9.78% in 2022.
- Consumer loans make up over $4.5 trillion in U.S. household debt.
- Interest rates on consumer loans have risen steadily since 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted interest rate charged on various types of consumer credit, including credit cards, auto loans, and personal loans.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into changes in consumer credit markets and can inform policymakers and analysts on household financial conditions and the affordability of consumer borrowing.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Federal Reserve through its consumer credit surveys.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this trend to assess the affordability and accessibility of consumer credit, which can inform decisions on monetary policy and consumer financial regulation.
Q: Are there update delays or limitations?
A: The data is published monthly by the Federal Reserve, with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRIN24MAO1A156S), retrieved from FRED.