Odds At 100% (Certain) The United States Prime Rate Will Continue At 3.25% After The July 28, 2021 FOMC Monetary Policy Meeting

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 July 28^TH, 2021 monetary policy meeting, and keep the United States Prime Rate (a.k.a Fed Prime Rate) at 3.25%.

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Housing

New record high prices for previously owned homes.  During May 2021, the median price for a used home was $350,300, a 23.563% (+$66,800) increase compared to May 2020.

 

Inflation News

The inflation gauge to which the Fed pays close attention -- the Core PCE -- rose by a lofty 3.4% year-on-year, according to May's reading. The Fed promised to let this pandemic economy run hot, which is the right thing to do. Exactly how high they are willing to let inflation fly is anyone's guess.

 

Stock Market

The Standard & Poor's 500 Index finished the day at a brand new record high: 4,290.61.

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>> http://bit.ly/COVID-Pandemic <<

 

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

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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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--  Stop The Spread of Germs (PDF) --

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

-- Novel COVID-19 Coronavirus UPDATES --

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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 continue at the current 3.25% after the July 28^TH, 2021 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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