Odds Are Back Up To 83.1% (Likely) The U.S. Prime Rate Will Rise To 4.75% After The March 21, 2018 FOMC Monetary Policy Meeting

Prime Rate Forecast

Prime Rate Forecast

As of right now, odds are back up to 83.1% that the Federal Open Market Committee (FOMC) will vote to raise the target range for the benchmark fed funds rate  from the current 1.25% - 1.50%, to 1.50% - 1.75% at the  March 21^ST, 2018 monetary policy meeting (likely.)

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The current Prime Rate, which went into effect on December 14^TH, 2017 is 4.50%.

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

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Economic data influencing the latest odds include readings on Inflation, Jobs, Retail Sales, Industrial Production, Housing, Manufacturing, The Services Sector, Energy, Business Optimism, Economic Activity and The Yield Curve.

Stay tuned for the latest odds...

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Current Odds

• Current odds the U.S. Prime Rate will rise to 4.75% after the March 21^ST, 2018 FOMC monetary policy meeting: 83.1%  (likely), with 16.9% odds (not likely) the U.S. Prime Rate will continue at 4.50%.
  
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• NB: United States Prime Rate = (The Fed Funds Target Rate + 3)

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