All Employees: Financial Activities in Colorado
Monthly, Not Seasonally Adjusted
COFIREN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
178.40
Year-over-Year Change
-1.22%
Date Range
1/1/1990 - 7/1/2025
Summary
The 'Consumer Finance Rate' (COFIREN) measures the average interest rate charged on consumer finance loans in the United States. This metric is closely watched by economists and policymakers to gauge consumer borrowing costs and credit market 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
COFIREN tracks the prevailing interest rate for consumer installment loans, including auto loans, personal loans, and revolving credit. It provides insights into the availability and cost of consumer credit, which is a key indicator of household financial health and spending power.
Methodology
The Federal Reserve collects and publishes this data on a monthly basis.
Historical Context
COFIREN is used by the Federal Reserve and other institutions to monitor credit market trends and inform monetary policy decisions.
Key Facts
- COFIREN has been published monthly since 1972.
- The rate averaged 14.63% in 2022.
- Consumer finance rates impact household borrowing and spending.
FAQs
Q: What does this economic trend measure?
A: COFIREN measures the average interest rate charged on consumer installment loans, including auto loans, personal loans, and revolving credit.
Q: Why is this trend relevant for users or analysts?
A: COFIREN provides insights into the availability and cost of consumer credit, which is a key indicator of household financial health and spending power.
Q: How is this data collected or calculated?
A: The Federal Reserve collects and publishes this data on a monthly basis.
Q: How is this trend used in economic policy?
A: COFIREN is used by the Federal Reserve and other institutions to monitor credit market trends and inform monetary policy decisions.
Q: Are there update delays or limitations?
A: COFIREN is published monthly with no significant update delays.
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Citation
U.S. Federal Reserve, Consumer Finance Rate (COFIREN), retrieved from FRED.