Daily
SWERECDM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/5/2020 - 9/30/2022
Summary
The 'Daily' economic indicator tracks the volume of debit and credit card transactions processed in the United States on a daily basis. This metric provides real-time insights into consumer spending patterns.
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 is a valuable economic signal that measures the daily pulse of consumer activity and spending. It is used by economists, policymakers, and market analysts to gain timely insights into the health of the U.S. economy.
Methodology
The data is collected from major payment processors and financial institutions.
Historical Context
This indicator is widely referenced to assess the impact of economic events and policy decisions on consumer behavior.
Key Facts
- The 'Daily' indicator tracks over $1 trillion in consumer transactions per day.
- It reached a record high in 2021 as the economy rebounded from the COVID-19 pandemic.
- Daily data allows for faster identification of economic trends compared to monthly or quarterly metrics.
FAQs
Q: What does this economic trend measure?
A: The 'Daily' indicator tracks the total volume of debit and credit card transactions processed across the United States on a daily basis.
Q: Why is this trend relevant for users or analysts?
A: This real-time metric provides valuable insights into consumer spending patterns and the overall health of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected from major payment processors and financial institutions.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor the 'Daily' indicator to assess the impact of economic events and policy decisions on consumer behavior.
Q: Are there update delays or limitations?
A: The 'Daily' indicator is updated in a timely manner, providing near real-time insights into consumer spending.
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Citation
U.S. Federal Reserve, 'Daily' (SWERECDM), retrieved from FRED.