Interest Rates: 3-Month or 90-Day Rates and Yields: Certificates of Deposit: Total for United States
Quarterly
IR3TCD01USQ156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.40
Year-over-Year Change
3497.78%
Date Range
7/1/1964 - 10/1/2023
Summary
This series measures the quarterly 3-month Treasury constant maturity rate, a key indicator of short-term interest rates and government bond yields in the United States.
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 Treasury constant maturity rate is a widely followed benchmark for short-term interest rates, reflecting the yield on a security with a 3-month maturity. It is used to gauge monetary policy, inflation expectations, and broader economic conditions.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on the daily yield curve.
Historical Context
This interest rate trend is closely monitored by policymakers, financial markets, and economic analysts.
Key Facts
- The 3-month Treasury rate is published daily by the Federal Reserve.
- It serves as a benchmark for adjustable-rate mortgages and other consumer loans.
- Changes in this rate are closely watched for insights into the Federal Reserve's policy direction.
FAQs
Q: What does this economic trend measure?
A: This series measures the quarterly 3-month Treasury constant maturity rate, which reflects the yield on a government security with a 3-month maturity.
Q: Why is this trend relevant for users or analysts?
A: The 3-month Treasury rate is a key benchmark for short-term interest rates and a widely followed indicator of monetary policy, inflation expectations, and broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on the daily yield curve.
Q: How is this trend used in economic policy?
A: This interest rate trend is closely monitored by policymakers, financial markets, and economic analysts to gauge the direction of monetary policy and assess the broader economic environment.
Q: Are there update delays or limitations?
A: The 3-month Treasury rate is published daily by the Federal Reserve with no significant update delays.
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Citation
U.S. Federal Reserve, 3-Month Treasury Constant Maturity Rate (IR3TCD01USQ156N), retrieved from FRED.