Odds Now At 90% (Likely) The U.S. Prime Rate Will Hold At 8.25% After The June 14, 2023 FOMC Monetary Policy Meeting

Prime Rate Prediction

Prime Rate Forecast

As of right now, our odds are at 90% (likely) the Federal Open Market Committee (FOMC) will vote to keep the benchmark target range for the fed funds rate at  5.00% - 5.25% at the June 14^TH, 2023 monetary policy meeting, with the United States Prime Rate (a.k.a Fed Prime Rate) holding at 8.25%.

 

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INFLATION!

 

Both the CPI and the Core PCE remain above the Fed's comfort zone, but since rate increases take time to ripple through the economy, chances are pretty good that the Fed will choose to pause (do nothing) at the June 14^TH FOMC meeting.

Meanwhile, the jobs picture (Employment Situation, JOLTS, Jobless Claims, etc.) isn't helping.

Stay tuned...

 

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The United States Prime Rate was raised to the current 8.25% on May 3, 2023.

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NB: U.S. Prime Rate = (The Fed Funds Target Rate + 3)

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Current Odds

• Current odds the U.S. Prime Rate will continue at 8.25% after the June 14^TH, 2023 FOMC monetary policy meeting: 90% (likely.)
  

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