United States Prime Rate

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

Tuesday, October 31, 2017

Odds Remain At 98.0% (Very Likely) The U.S. Prime Rate Will Continue At 4.25% After The November 1, 2017 FOMC Monetary Policy Meeting

Prime Rate Forecast
Prime Rate Forecast
Prime Rate Forecast

As of right now, odds are at 98.0%  that the Federal Open Market Committee (FOMC) will vote to leave the target range for the benchmark fed funds rate at 1.00% - 1.25% at the November 1ST, 2017 monetary policy meeting (very likely.)

=======

The current Prime Rate, which went into effect on June 15, 2017, is 4.25%.

=======

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

=======

  • The Commerce Department's first estimate of third-quarter Gross Domestic Product (GDP) came in at 3.0%.  Economist were expecting a figure closer to 2.5%.
  • The October final result for the University of Michigan's Index of Consumer Sentiment (ICS) was reported at 100.7, a 5.8885% monthly increase, and a 15.4817% year-on-year bump. For the ICS, this is a high not seen since early 2004.

These latest economic data have boosted the odds for an end-of-year (December 13,2017) rate increase.

=======

Current Odds

  • Current odds the U.S. Prime Rate will continue at 4.25% after the November 1ST, 2017 FOMC monetary policy meeting: 98.0%  (very likely), with  2.0% odds on a rate increase (very unlikely.)

    ==========

  • Current odds the U.S. Prime Rate will continue at 4.25% after the December 13TH, 2017 FOMC monetary policy meeting: 3.8%  (very unlikely), with 96.2% odds (very likely) that the U.S. Prime Rate will be at least 25 basis points (0.25 percentage point) higher.

    ==========

=========

Labels: , , , , , , ,

--> www.FedPrimeRate.com Privacy Policy <--

>  SITEMAP  <


bing

bing

FedPrimeRate.com
Entire Website © 2024 FedPrimeRate.comSM


This website is neither affiliated nor associated with The United States Federal Reserve
in any way. Information in this website is provided for educational purposes only. The owners
of this website make no warranties with respect to any and all content contained within this
website. Consult a financial professional before making important decisions related to any
investment or loan product, including, but not limited to, business loans, personal loans,
education loans, first or second mortgages, credit cards, car loans or any type of insurance.