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, August 20, 2020

Odds At 100% (Certain) The United States Prime Rate Will Hold At 3.25% After The September 16, 2020 FOMC Monetary Policy Meeting

United States Prime Rate Forecast
Prime Rate Prediction
Prime Rate Forecast

As of right now, our odds are at 100% (certain) the Federal Open Market Committee (FOMC) will vote to leave the target range for the benchmark fed funds rate at the current 0.00% - 0.25% at the September 16TH, 2020 monetary policy meeting, and keep the United States Prime Rate (a.k.a Fed Prime Rate) at 3.25%.

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The current U.S. Prime Rate was lowered from 4.25% to the current 3.25% on March 15TH, 2020.

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The Labor Department reported that new claims for jobless benefits increased from 971,000 for the week that ended on August 8TH, to 1,106,000 for the week that ended on August 15TH. Most professional prognosticators were expecting a decrease.

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Gross Domestic Product (GDP) for the United States declined by a staggering 32.9% between April and June of this year, according to the Commerce Department's first estimate.

There will be two more readings on Q2 GDP in the coming months.


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Coronavirus COVID-19 Reminder:

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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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 remain at the current 3.25% after the September 16TH, 2020 FOMC monetary policy meeting: 100% (certain.)

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