Odds Now At 100% (CERTAIN) the United States Prime Rate Will Remain at 7.00% After the October 28, 2026 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) of the Federal Reserve will vote to keep the benchmark target range for the fed funds rate (TRFFR) at 3.75% - 4.00% at the October 28^TH, 2026 monetary policy meeting, with the United States Prime Rate remaining at 7.00%.

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Stubborn Inflation...

•  Year-on-year (Y-o-Y), the Core PCE Price Index, for the month of August, moved sideways, from +3.0% to +3.0%. 
  
  
• Y-o-Y, for the month of September, the Consumer Price Index (CPI) rose from +3.4% to +3.74%. 
  • 
    
    • The Core CPI, which leaves out food and energy, increased from 2.45% to +2.56%.
• Y-o-Y, for the month of September, the Producer Price Index surged from 5.6% to 6.3%.
  
  
• The American economy added a modest 29,000 jobs during September, 2026.
  
  
• During September, the yield on the 10-Year Treasury Note was 4.99%.
   
• During September, the 30-year fixed-rate mortgage was @ 6.86% 😒.
   
• The drain on crude oil inventories continues. As of last week, Y-o-Y, inventories were -136,200,000 barrels (-16.38%)... 🛢😕🛢
  
  NYMEX WTI Crude Oil for future delivery finished last week at $103.44 per barrel in New York.  It is currently trading at $101.18.

  

  Stay tuned...

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The United States Prime Rate was raised to the current 7.00% on September 16, 2026.

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SUMMARY

• Current odds the United States Prime Rate will remain at the current 7.00% after the October 28^TH, 2026 FOMC monetary policy meeting: 100% (certain.)

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