Odds At 90% (Likely) The United States Prime Rate Will Continue At 4.75% After The March 18, 2020 FOMC Monetary Policy Meeting

Prime Rate Prediction

Prime Rate Forecast

As of right now, our odds are at 90% 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 March 18^TH, 2020 monetary policy meeting (likely), 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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• After five consecutive months of contraction for the American manufacturing sector, the Purchasing Manager's Index (PMI®) from the Institute for Supply Management® (ISM®) came in at 50.9% for January 2020, indicating expansion.
• Inflation, however, remains muted, and below the Federal Reserve's 2% objective. The latest reading on the Core Personal Consumption Expenditures Price Index was 1.6% year-on-year.

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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 March 18^TH, 2020 FOMC monetary policy meeting: 90% (likely.)
  
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• NB: United States Prime Rate = (The Fed Funds Target Rate + 3)

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