Odds At 92.8% (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 92.8% 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 (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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At 1.9%, year-on-year, the Core Personal Consumption Expenditures (PCE) Price Index came in just shy of the Fed's 2% inflation target during March 2018.

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Stay tuned for the latest economic data, and for Wednesday's FOMC press release...

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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: 92.8%  (likely), with 7.2% odds (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: 88.1%  (likely), with 11.5% odds (not likely) the U.S. Prime Rate will rise to 5.25%, and 0.4% odds (very unlikely) the U.S. Prime Rate will rise to 5.50%.
  
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• NB: United States Prime Rate = (The Fed Funds Target Rate + 3)

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