Odds At 95% (Very Likely) The United States Prime Rate Will Be Cut To 3.25% At The March 18, 2020 FOMC Monetary Policy Meeting

Prime Rate Prediction

Prime Rate Forecast

At the March 18, 2020 FOMC monetary policy meeting, and in response to the continuing and global Novel COVID-19 coronavirus emergency, we believe the Fed will take the rare and extraordinary step of cutting its key benchmark interest rate --  the target range for the benchmark fed funds rate -- by 100 basis points, to a target range of 0% - 0.25%.  This cut would cause the United States Prime Rate (a.k.a the Fed Prime Rate) to be lowered to 3.25%. We put current odds on this happening at 95%.


FYI, and from the CDC website, symptoms of COVID-19, which may appear 2-14 days after exposure, include:

• Fever
• Cough
• Shortness of breath

Emergency warning signs for COVID-19 include:

• Difficulty breathing or shortness of breath
• Persistent pain or pressure in the chest
• New confusion or inability to arouse
• Bluish lips or face

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--  Stop The Spread of Germs (PDF) --

-- What To Do If You Are Sick (PDF) --

-- Novel COVID-19 Coronavirus UPDATES --

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The current U.S. Prime Rate was lowered from 4.75% to 4.25% on March 3^RD, 2020.

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

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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 be cut to 3.25% at the March 18^TH, 2020 FOMC monetary policy meeting: 95% (very likely.)
  
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• NB: United States Prime Rate = (The Fed Funds Target Rate + 3)

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