Odds Now At 100% (Certain) The U.S. Prime Rate Will Rise To At Least 6.00% After The September 21, 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 2.25% - 2.50%, to at least   2.75% - 3.00%, at the September 21^ST, 2022 monetary policy meeting, with the U.S. Prime Rate (a.k.a Fed Prime Rate) rising to at least 6.00%, with the possibility of an increase to 6.25%.

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Moving On From LIBOR:
Your Comments are Welcome

 LIBOR goes away after June 30, 2023.  Anyone can comment on a proposed regulation that would implement the Adjustable Interest Rate (LIBOR) Act; comments must be submitted by August 29, 2022.

• Proposed rules document with instructions is here. 
  
  

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The United States Prime Rate was raised to the current 5.50% on July 27^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 6.00% after the September 21^ST, 2022 FOMC monetary policy meeting, with the possibility of an increase to 6.25%: 100% (certain.)
  
  

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

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