Odds At 100% (Certain) The U.S. Prime Rate Will Rise To At Least 5.25% After The July 27, 2022 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 raise the target range for the benchmark fed funds rate, from the current 1.50% - 1.75%, to at least   2.00% - 2.25%, at the July 27^TH, 2022 monetary policy meeting, with the U.S. Prime Rate (a.k.a Fed Prime Rate) rising to at least 5.25% (with the strong possibility of an increase to 5.50%.)

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Economic alarm bells are still clanging here in the USA, and in many other industrialized economies around the world. Inflation is the #1 concern, of course, but soaring mortgage rates and home prices have the real-estate world nervous as well.

Relief may be in the offing. The Core PCE Price Index -- the Fed's preferred inflation gauge -- may have peaked.  The latest year-on-year readings:

• February: +5.3%
• March: +5.2%
• April: +4.9%

And if inflation is really retreating, then mortgage rates will ease as well. That's because the giant pools of capital that move in and out of U.S. Treasuries should start to swing into the safety of government debt, and cause bond yields to start easing.

We'll get the next Core PCE reading on Thursday, June 30, 2022.

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The pandemic isn't over folks.  Please be careful out there! We implore you to keep masking up, even if you are vaccinated.

>> #MaskUP <<

Stay tuned....

 

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The United States Prime Rate was raised to the current 4.75% on June 15^TH, 2022.

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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 U.S. Prime Rate will rise to at least 5.25% after the July 27^TH, 2022 FOMC monetary policy meeting, with a strong possibility of an increase to 5.50%: 100% (certain.)
  
  

• NB: United States Prime Rate = (The Fed Funds Target Rate + 3)

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