3-Month Commercial Paper Rate (DISCONTINUED) (CP3M)
3-Month Commercial Paper Rate (DISCONTINUED) — Historical Chart
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3-Month Commercial Paper Rate (DISCONTINUED) (FRED series CP3M) is a monthly economic indicator measured in percent. The series is published through FRED, the Federal Reserve Bank of St. Louis economic database, with history going back to 1971.
Why it matters: 3-Month Commercial Paper Rate (DISCONTINUED) is one of the indicators traders, economists, and policymakers watch within the economic complex. Analysts use it to track conditions in the US economy and to anticipate shifts in growth, inflation, and policy.
How to read it: focus on the direction and persistence of changes rather than any single monthly print. Comparing the latest value against its level a year ago, and against its long-run range since 1971, gives a better sense of whether the series is signaling acceleration, deceleration, or a turning point.
About This Series
Average of offering rates on commercial paper placed by several leading dealers for firms whose bond rating is AA or equivalent, quoted on a discount basis. Averages of daily figures.
Frequently Asked Questions
What is 3-Month Commercial Paper Rate (DISCONTINUED) today?
The latest value of 3-Month Commercial Paper Rate (DISCONTINUED) (CP3M) is shown at the top of this page, along with its observation date and the change from the prior reading. Data is sourced from FRED and refreshed regularly.
How often is 3-Month Commercial Paper Rate (DISCONTINUED) updated?
3-Month Commercial Paper Rate (DISCONTINUED) is reported monthly (Monthly). New observations appear on FRED shortly after the source agency releases them, and this page updates daily.
What does a rising 3-Month Commercial Paper Rate (DISCONTINUED) mean?
A sustained rise in 3-Month Commercial Paper Rate (DISCONTINUED) signals strengthening readings in this economic measure, in percent. Whether that is positive or negative for markets depends on context — compare the move against the series’ trend and related indicators in the same category.
Where does the CP3M data come from?
The data comes from FRED® (Federal Reserve Economic Data), maintained by the Federal Reserve Bank of St. Louis, under series ID CP3M. History is available back to 1971.
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Data sourced from FRED®, Federal Reserve Bank of St. Louis: 3-Month Commercial Paper Rate (DISCONTINUED) (CP3M). Retrieved from fred.stlouisfed.org. Last updated June 7, 2006.