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, January 27, 2022

Odds At 100% (Certain) The U.S. Prime Rate Will Rise To 3.50% After The March 16, 2022 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 raise the target range for the benchmark fed funds rate, from the current 0.00% - 0.25%, to 0.25% - 0.50%, at the March 16TH, 2022 monetary policy meeting, with a concurrent bump up for the United States Prime Rate (a.k.a Fed Prime Rate) to 3.50%.

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Housing

The Commerce Department released New Home Sales figures today. The record-high median price on a newly built home has been updated to $421,500, set back in October 2021. The record-high average price, also from October, was updated to $486,600.

As for preowned homes, The record-high prices remain at $362,800 (median; June 2021) and $381,200 (average; June 2021.)

Inflation
 
The December 2021 Consumer Price Index reading was +7.036% year-on-year, an alarming surge in prices which virtually guarantees that the Fed will raise rates at least once this year, and most likely by 25 basis points (0.25 percentage point) at the March 16, 2022 FOMC meeting.

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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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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 rise to 3.50% after the March 16TH, 2022 FOMC monetary policy meeting: 100% (certain.)


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