Interest Rates: 3-Month or 90-Day Rates and Yields: Certificates of Deposit: Total for United States
IR3TCD01USM156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.32
Year-over-Year Change
17.96%
Date Range
6/1/1964 - 12/1/2023
Summary
This economic trend measures the yield on 3-month or 90-day certificates of deposit (CDs) issued by banks in the United States. It is a key indicator of short-term interest rates and investor risk appetite.
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 3-Month or 90-Day Rates and Yields: Certificates of Deposit: Total for United States trend represents the average interest rate paid on CDs with a 3-month or 90-day maturity. This metric is widely used by economists and policymakers to analyze monetary policy, inflation, and consumer behavior.
Methodology
The data is collected and reported by the U.S. Federal Reserve based on a survey of banks and financial institutions.
Historical Context
This interest rate trend is closely monitored by the Federal Reserve and other institutions to inform economic and monetary policy decisions.
Key Facts
- CDs are a common short-term investment product.
- 3-month CDs reflect expectations for near-term monetary policy.
- This rate is a barometer of risk and liquidity in financial markets.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average interest rate or yield on 3-month or 90-day certificates of deposit (CDs) issued by banks in the United States.
Q: Why is this trend relevant for users or analysts?
A: This short-term interest rate is an important indicator of monetary policy, inflation expectations, and consumer/investor risk appetite.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through a survey of banks and financial institutions.
Q: How is this trend used in economic policy?
A: The 3-month CD rate is closely monitored by the Federal Reserve and other policymakers to inform decisions around monetary policy and interest rates.
Q: Are there update delays or limitations?
A: The data is released on a regular schedule with minimal delays, but may be subject to revisions based on new information.
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Citation
U.S. Federal Reserve, Interest Rates: 3-Month or 90-Day Rates and Yields: Certificates of Deposit: Total for United States (IR3TCD01USM156N), retrieved from FRED.