Odds At 100% (Certain) The United States Prime Rate Will Be Cut To 5.00% After The September 18, 2019 FOMC Monetary Policy Meeting
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| Prime Rate Forecast |
As of right now, our odds are at 100% the Federal Open Market Committee (FOMC) will vote to lower the target range for the benchmark fed funds rate from 2.00% - 2.25% to 1.75% - 2.00% at the September 18TH, 2019 monetary policy meeting (certain.)
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The current U.S. Prime Rate, which went into effect on July 31ST, 2019, is 5.25%.
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NB: U.S. Prime Rate = (The Fed Funds Target Rate + 3)
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Judging by recent moves by investors, a global recession is in the offing.
On Thursday, August 15, 2019, the yield on the 30-year U.S. Treasury bond closed below 2% for the first time ever, ending the day at 1.98%.
Another ominous sign: many economic indicators are often at their strongest, as they are now, before an economic downturn.
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Stay tuned for the latest odds, and for current U.S. economic data (inflation, jobs, economic growth, wages, etc.)
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| U.S. Treasury Yield Curve for Thursday, August 15, 2019 |
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Current Odds
- Current odds the United States Prime Rate will be cut to 5.00% after the September 18TH, 2019 FOMC monetary policy meeting: 100% (certain.)
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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, Flight_To_Quality, Flight_To_Safety, fomc, money, odds, prime_rate, prime_rate_forecast, prime_rate_prediction, The_Fed
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posted by Steve Brown | 8/18/2019 12:35:00 PM
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