Source Federal Reserve (latest release)
Measures Change in the total value of outstanding consumer credit that requires installment payments;
Usual Effect Actual > Forecast = Good for currency;
Frequency Released monthly, about 35 days after the month ends;
Next Release May 7, 2014
Why Traders
Care It's correlated with consumer spending and confidence - rising debt levels are a sign that lenders feel comfortable issuing loans, and that consumers are confident in their financial position and eager to spend money;