Odds At 100% (Certain) The United States Prime Rate Will Continue At 4.75% After The January 29, 2020 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 January 29^TH, 2020 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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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

"...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..." 

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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 January 29^TH, 2020 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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