Prime Rate

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

Tuesday, September 20, 2016

Odds At 82% (Likely) The U.S. Prime Rate Will Continue At 3.5% After Tomorrow's FOMC Monetary Policy Meeting

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As of right now, the investors who trade in fed fund futures via the CME Group have odds at 82% (as implied by current pricing on contracts) that the Federal Open Market Committee (FOMC) will vote leave the target range for the benchmark fed funds rate at 0.25% - 0.5% at tomorrow's monetary policy meeting (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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Current Odds
  • Current odds the Prime Rate will continue at 3.5% after tomorrow's FOMC monetary policy meeting: 82% (likely) with a 18% chance of a 25 basis point (0.25 percentage point) rate increase.

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  • Current odds the Prime Rate will continue at 3.5% after the November 2ND, 2016 FOMC monetary policy meeting: 76.9% (somewhat likely) with remaining odds for a rate increase.

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  • Current odds the Prime Rate will continue at 3.5% after the December 14TH, 2016 FOMC monetary policy meeting: 40.2% (somewhat unlikely), with remaining odds for a rate increase.

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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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