US Consumer Credit Change (Jan) 8.05B vs. Exp. 12B (Prev. 25.20B, Rev. From 24.05B)

US Consumer Credit Change (Jan) 8.05B vs. Exp. 12B (Prev. 25.20B, Rev. From 24.05B)

The latest US Consumer Credit Change figure for January came in at $8.05 billion, significantly below expectations of $12 billion and a sharp decline from the previous month’s revised figure of $24.05 billion. This notable miss may signal weakening consumer confidence and spending, which could influence the Fed's outlook on rate hikes as it ties into the broader growth-inflation narrative.