United States Prime Rate

also known as the Fed, National or United States Prime Rate,
from the interest-rate specialists at www.FedPrimeRate.comSM

Thursday, December 12, 2019

Odds At 100% (Certain) The United States Prime Rate Will Continue At 4.75% After The January 29, 2020 FOMC Monetary Policy Meeting

United States Prime Rate Prediction
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 January 29TH, 2020 monetary policy meeting (certain), and keep the United States Prime Rate at 4.75%.


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


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

2020 Rate Forecast: Out of 17 Federal Reserve officials, 4 believe that short-term rates, including the U.S. Prime Rate, will
be raised at some point next year, while 13 are predicting that short-term rates will remain where they are right now.

And here's a clip from yesterday's opening remarks by Chair Jerome Powell:

FOMC 2020 Dot Plot
FOMC 2020 Dot Plot
"...We believe that the current stance of monetary policy will support sustained growth, a strong labor market, and inflation near our symmetric 2 percent objective. As long as incoming information about the economy remains broadly consistent with this outlook, the current stance of monetary policy likely will remain appropriate. Looking ahead, we will be monitoring the effects of our recent policy actions, along with other information bearing on the outlook, as we assess the appropriate path of the target range for the federal funds rate. Of course, if developments emerge that cause a material reassessment of our outlook, we would respond accordingly. Policy is not on a preset course..." 

Stay tuned for the latest odds, and for current U.S. economic data (inflation, jobs, economic growth, wages, etc.) 


Current Odds

  • Current odds the United States Prime Rate will hold at 4.75% after the January 29TH, 2020 FOMC monetary policy meeting: 100% (certain.)



Labels: , , , , , , , , , ,

--> www.FedPrimeRate.com Privacy Policy <--



Post a Comment

<< Home



Entire Website © 2024 FedPrimeRate.comSM

This website is neither affiliated nor associated with The United States Federal Reserve
in any way. Information in this website is provided for educational purposes only. The owners
of this website make no warranties with respect to any and all content contained within this
website. Consult a financial professional before making important decisions related to any
investment or loan product, including, but not limited to, business loans, personal loans,
education loans, first or second mortgages, credit cards, car loans or any type of insurance.