Odds At 100% (Certain) The United States Prime Rate Will Hold At 4.75% After The December 11, 2019 FOMC Monetary Policy Meeting

Prime Rate Prediction

Prime Rate Forecast

As of right now, our odds are at 100% the Federal Open Market Committee (FOMC) will vote to maintain the target range for the benchmark fed funds rate at the current 1.50% - 1.75% at the December 11^TH, 2019 monetary policy meeting (certain), and keep the United States Prime Rate at 4.75%.

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The current U.S. Prime Rate was lowered from 5.00% to 4.75% on October 30^TH, 2019.

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

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Manufacturing: The PMI® for October 2019 came in at 48.3%.  While this was an improvement over the September figure, it still indicates contraction. This makes three consecutive months of a below-50 reading:

• October 2019: 48.3%
  
• September 2019: 47.8%
  
• August 2019: 49.1%

For the PMI, any figure below 50% indicates contraction.

 
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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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Current Odds

• Current odds the United States Prime Rate will hold at 4.75% after the December 11^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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