Current Odds On Prime Rate Increase for September 17, 2015 FOMC Meeting At 27% (Not Likely)

Prime Rate Forecast - Predictions

Latest Prime Rate Forecast

As of right now, the investors who trade in fed funds futures at the CME Group have odds at 27% (as implied by current pricing on contracts) that the Federal Open Market Committee (FOMC) will vote to raise the benchmark Federal Funds Target Rate by at least 25 basis points (0.25 percentage point) at the September 17^TH, 2015 monetary policy meeting (not likely.)

• Current odds that the Prime Rate will rise by at least 25 basis points at the October 28^TH, 2015 FOMC monetary policy meeting: 39% (somewhat likely.)
  
• Current odds that the Prime Rate will rise by at least 25 basis points at the December 16^TH, 2015 FOMC monetary policy meeting: 58%
  (somewhat likely.)
  
• Current odds that the Prime Rate will rise by at least 25 basis points at the January 27^TH, 2016 FOMC monetary policy meeting: 64% (somewhat likely.)
  
• NB: US Prime Rate = (The Federal Funds Target Rate + 3)

The odds related to federal-funds futures contracts -- widely accepted as the best predictor of where the FOMC will take the benchmark Fed Funds Target Rate -- are constantly changing, so stay tuned for the latest odds.

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