Odds At 93.6% (Likely) The United States Prime Rate Will Rise To 5.25% After The September 26, 2018 FOMC Monetary Policy Meeting
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| Prime Rate Forecast |
As of right now, odds are at 93.6% the Federal Open Market Committee (FOMC) will vote to raise the target range for the benchmark fed funds rate , from the current 1.75% - 2.00%, to 2.00% - 2.25%, at the September 26TH, 2018 monetary policy meeting (likely.)
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The current Prime Rate, which went into effect on June 14TH, 2018, is 5.00%.
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NB: U.S. Prime Rate = (The Fed Funds Target Rate + 3)
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Stay tuned for the latest odds and economic data, and especially for news on inflation, jobs, economic growth and wages...
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Current Odds
- Current odds the United States Prime Rate will rise to 5.25% after the September 26TH, 2018 FOMC monetary policy meeting: 93.6% (likely), with remaining odds -- 6.4% (unlikely) -- the U.S. Prime Rate will continue at the current 5.00%.
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- NB: United States Prime Rate = (The Fed Funds Target Rate + 3)
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Labels: banking, banks, fed_funds_target_rate, fomc, money, odds, prime_rate, prime_rate_forecast, prime_rate_prediction, The_Fed
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posted by Steve Brown | 8/10/2018 08:25:00 PM
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