Fed Consumer Credit m/m comes in at 18.06B against 11.28B consensus
| Pair | Now | Since publish |
|---|---|---|
| EURUSD | — | — |
| USDJPY | — | — |
The Fed Consumer Credit m/m for September 8, 2026, reported an increase of 18.06B. This figure significantly exceeded the market consensus expectation of 11.28B, representing a 60.1% surprise. The previous month’s reading was 14.17B.
Following the release, market reactions were observed across major currency pairs. The USDJPY saw a rise of 30 pips after 15 minutes, while XAUUSD declined by 45 pips over the same period. Other pairs showed more limited movement. AUDUSD was down 1.8 pips, EURUSD down 2.7 pips, GBPUSD down 3.1 pips, and NZDUSD down 1.3 pips after 15 minutes. USDCAD was up 1.4 pips and USDCHF was up 3.1 pips after 15 minutes. For most pairs, these initial moves are small when compared to their historical median 1-hour moves, which typically range from 3 pips to 6 pips for the USD crosses and 12 pips for XAUUSD after similar releases.