Daily
CZERECDM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
12/6/2019 - 8/31/2022
Summary
The 'Daily' economic indicator tracks the number of consumer credit card transactions processed each day in the U.S. It provides a real-time snapshot of consumer spending activity and sentiment.
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 'Daily' indicator represents the total volume of credit and debit card transactions processed by the Federal Reserve. It is used by economists and policymakers to monitor trends in consumer spending and assess the health of the broader economy.
Methodology
The data is collected and aggregated daily from card transaction reports submitted to the Federal Reserve.
Historical Context
This indicator offers timely insights into consumer behavior that can inform economic forecasting and policy decisions.
Key Facts
- The 'Daily' indicator tracks over $1 trillion in total annual card transaction volume.
- Transaction volumes can fluctuate significantly based on holidays, weather, and other factors.
- Real-time 'Daily' data is released with a 1-2 day lag.
FAQs
Q: What does this economic trend measure?
A: The 'Daily' indicator tracks the total volume of credit and debit card transactions processed in the U.S. on a given day.
Q: Why is this trend relevant for users or analysts?
A: The 'Daily' indicator provides a real-time, granular view of consumer spending that can help identify economic trends and inform policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and aggregated daily from card transaction reports submitted to the Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the 'Daily' indicator to monitor consumer spending patterns and assess the overall health of the economy.
Q: Are there update delays or limitations?
A: The 'Daily' data is released with a 1-2 day lag and may be subject to revisions.
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Citation
U.S. Federal Reserve, Daily (CZERECDM), retrieved from FRED.