Odds Now At 80% (Likely) The U.S. Prime Rate Will Continue at 7.50% After the March 19, 2025 FOMC Monetary Policy Meeting

Prime Rate Prediction

Prime Rate Forecast

As of right now, our odds are at 80% (likely) the Federal Open Market Committee (FOMC) of the Federal Reserve will vote to leave the benchmark target range for the fed funds rate (TRFFR) at 4.25% - 4.50% at the March 19^TH, 2025 monetary policy meeting, leaving the U.S. Prime Rate at the current 7.50%.

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Housing Inflation & Affordability

From the good folks at Bank of America®, the following is a quote from a June, 2024 CNN article:

"Economists at Bank of America warned this week that the U.S. housing market is 'stuck and we are not convinced it will become unstuck' until 2026 -- or later..."

Prescient words, as evidenced by the latest inflation data from the Commerce Department.  The housing affordability situation keeps getting worse 👇📈👇 :

 

www.FedPrimeRate.com: Changes in Monthly
Consumer Spending - December 2024 UPDATE

Scary news, but there is some hope.

Since hitting a record high of $426,900 back in June of last year, the cost for a used home has been easing, according to the superlative folks at the National Association of REALTORS®.  During December of 2024, the median cost for a previously owned home was $404,400.

Stay tuned...

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The United States Prime Rate was lowered to the current 7.50% on December 18, 2024.

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SUMMARY

• Current odds the U.S. Prime Rate will hold at the current 7.50% after the March 19^TH, 2025 FOMC monetary policy meeting: 80% (likely.)

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