Prime Rate

also known as the Fed, National or United States Prime Rate,
from the interest-rate specialists at www.FedPrimeRate.comSM

Friday, June 17, 2016

Odds At 12% (Not Likely) The U.S. Prime Rate Will Rise At The July 27, 2016 FOMC Monetary Policy Meeting

Prime Rate Forecast / Prediction
Prime Rate Forecast
Latest Prime Rate Forecast

As of right now, the investors who trade in fed fund futures via the CME Group have odds at 12% (as implied by current pricing on contracts) that the Federal Open Market Committee (FOMC) will vote to raise the target range for the benchmark fed funds rate by at least 25 basis points (0.25 percentage point) at the July 27TH, 2016 monetary policy meeting (not likely.)

The current United States Prime Rate, which went into effect on December 17, 2015, is 3.5%.

NB: U.S. Prime Rate = (The Fed Funds Target Rate + 3)

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The latest odds reflect recent readings on jobs, inflationwages, GDPmanufacturing, crude oil and housing.

Stay tuned for the latest economic data, and the latest odds.

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Current Odds

  • Current odds that the Prime Rate (currently 3.5%) will rise by at least 25 basis points at the July 27TH, 2016 FOMC monetary policy meeting: 12% (not likely.)

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  • Current odds that the Prime Rate (currently 3.5%) will rise by at least 25 basis points at the September 21ST, 2016 FOMC monetary policy meeting: 22% (not likely.)

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  • Current odds that the Prime Rate (currently 3.5%) will rise by at least 25 basis points at the November 2ND, 2016 FOMC monetary policy meeting: 24% (not likely.)

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  • Current odds that the Prime Rate (currently 3.5%) will rise by at least 25 basis points at the December 14TH, 2016 FOMC monetary policy meeting: 46% (on the fence.)

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  • Current odds that the Prime Rate (currently 3.5%) will rise by at least 25 basis points at the February 1ST, 2017 FOMC monetary policy meeting: 48% (on the fence.)

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  • NB: United States Prime Rate = (The Fed Funds Target Rate + 3)

The odds associated with fed fund futures contracts -- widely accepted as the best predictor of what the FOMC will do with the benchmark Fed Funds Target Rate -- are constantly changing, so stay tuned for the latest odds.


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