Odds At 100% (Certain) The United States Prime Rate Will Be Cut To 5.00% After The September 18, 2019 FOMC Monetary Policy Meeting

Prime Rate Forecast

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 18^TH, 2019 monetary policy meeting (certain.)

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The current U.S. Prime Rate, which went into effect on July 31^ST, 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 18^TH, 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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