Odds At 95.9% (Very Likely) The United States Prime Rate Will Hold At 4.75% After The May 2, 2018 FOMC Monetary Policy Meeting

Prime Rate Forecast

Prime Rate Forecast

As of right now, odds are at 95.9% the Federal Open Market Committee (FOMC) will vote to leave the target range for the benchmark fed funds rate  at 1.50% - 1.75% at the May 2^ND, 2018 monetary policy meeting (very likely.)

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The current Prime Rate, which went into effect on March 21^ST, 2018, is 4.75%.

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

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Jerome H. Powell's term as Chairman of the Board of Governors of the Federal Reserve System is four years.

Here is Mr. Powell's first press conference as Fed Boss:

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

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Current Odds

• Current odds the United States Prime Rate will remain at 4.75% after the May 2^ND, 2018 FOMC monetary policy meeting: 95.9%  (very likely), with 4.1% odds (very unlikely) the U.S. Prime Rate will rise to 5.00%.
  
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• Current odds the United States Prime Rate will rise to 5.00% after the June 13^TH, 2018 FOMC monetary policy meeting: 79.8%  (somewhat likely), with 16.8% odds (not likely) the U.S. Prime Rate will hold at the current 4.75%, and 3.4% odds (very unlikely) the U.S. Prime Rate will rise to 5.25%.
  
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• NB: United States Prime Rate = (The Fed Funds Target Rate + 3)

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