United States Central Bank Policy Rate: 3.25% (2 Jul 1992)
United States Central Bank Policy Rate came in at 3.25 on Jul 2, 1992, compared with 3.75 previously. See the full release history, chart, Federal Reserve context, and API access for this series.
- Actual
- 3.25
- Previous
- 3.75
- Forecast
- --
- Next release
- Dec 9, 2026
2 Jul 1992
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United States Central Bank Policy Rate release chart
Readings leading into this release, with this print highlighted. Hover or tap a point for its value.
United States Central Bank Policy Rate release analysis
What the release showed
United States Central Bank Policy Rate came in at 3.25 in the release of Jul 2, 1992, down 0.5 from 3.75.
Why Central Bank Policy Rate matters for USD
Policy rate differentials between countries are the primary driver of carry-trade positioning and long-run FX equilibrium. When the Federal Reserve is hiking while others are on hold, the usd typically appreciates on an interest rate differential basis.
How to read it
A surprise rate hike is usd-positive; a surprise cut is negative. Forward guidance and the policy statement accompanying each decision are often more market-moving than the rate change itself, as markets are usually well-positioned for the expected move.
What to watch next
The next United States Central Bank Policy Rate release is due on Dec 9, 2026.
- Differentials widening (one central bank diverging from the others)
- Dovish/hawkish surprises versus the rate path priced into OIS
- Forward guidance language shifts even when the rate is unchanged
- Out-of-meeting cuts or hikes (rare, large FX impact)
Recent United States Central Bank Policy Rate releases
Each release with the date it was published. Full history
| Released | Period | Actual | Previous | Forecast |
|---|---|---|---|---|
| Jul 2, 1992 | Jul 2, 1992 | 3.25 | 3.75 | -- |
| Apr 9, 1992 | Apr 9, 1992 | 3.75 | 4 | -- |
Get United States Central Bank Policy Rate data as soon as it is published
This page shows the most recent releases. The API serves the full United States Central Bank Policy Rate history and every other series we cover, with each row stamped with the time the official source published it.
- Full release history with actual, previous and reference period on every row.
- Publication timestamps on each announcement, so backtests only use data that was public at the time.
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Start Free Trial Read the API referenceGET https://api.fxmacrodata.com/v1/announcements/usd/policy_rate
import requests
resp = requests.get(
"https://api.fxmacrodata.com/v1/announcements/usd/policy_rate",
headers={"X-API-Key": "YOUR_API_KEY"},
timeout=30,
)
rows = resp.json()["data"]
print(rows[-1])Match this release by announcement_id usd_policy_rate_1992-07-02. Forecasts for the same release: /v1/predictions/usd/policy_rate.
Release data snapshot
Citation fields for this announcement.
| Public release ID | usd_policy_rate_1992-07-02 |
|---|---|
| Release time |
Estimated 1992-07-02 18:00 UTC
|
| Reference period date | 1992-07-02 |
| Actual value | 3.25 |
| Previous value | 3.75 |
| Forecast | -- |
| Surprise | -- |
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Common questions about this release
The value, its publication time, the next scheduled date, and the official publisher for United States Central Bank Policy Rate.
What did United States Central Bank Policy Rate come in at, and how did it compare with the forecast and the previous reading?
United States Central Bank Policy Rate was 3.25% on Jul 2, 1992. The previous reading was 3.75%.
When was this United States Central Bank Policy Rate release published?
The publication time is estimated for Jul 2, 1992 at 14:00 America/New_York. The publication time is derived from the lag measured on this series' confirmed releases and the record carries the release_time_assumed flag.
When is the next United States Central Bank Policy Rate release?
The next United States Central Bank Policy Rate release is scheduled for Dec 9, 2026.
What is the official source for United States Central Bank Policy Rate?
Federal Reserve publishes the official Central Bank Policy Rate series. FXMacroData stores every release with its announcement timestamp and serves it from the announcements endpoint for this series.
Raw announcement payload
Field names are preserved for traceability and downstream testing.
{
"announcement_datetime": 710100000,
"announcement_id": "usd_policy_rate_1992-07-02",
"date": "1992-07-02",
"previous_value": 3.75,
"publication_time_precision": "unknown",
"publication_time_status": "assumed_historical",
"release_time_assumed": true,
"revisions": [
{
"epoch": 710100000,
"val": 3.25
}
],
"target_range_change_bps": -50.0,
"target_range_lower": 3.25,
"target_range_midpoint": 3.25,
"target_range_upper": 3.25,
"val": 3.25
}