Odds At 98.5% (Very Likely) The U.S. Prime Rate Will Continue At 4.25% After The November 1, 2017 FOMC Monetary Policy Meeting

Prime Rate Forecast

Prime Rate Forecast

As of right now, odds are at 98.5%  that the Federal Open Market Committee (FOMC) will vote to leave the target range for the benchmark fed funds rate at 1.00% - 1.25% at the November 1^ST, 2017 monetary policy meeting (very likely.)

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The current Prime Rate, which went into effect on June 15, 2017, is 4.25%.

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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 4.25% after the November 1^ST, 2017 FOMC monetary policy meeting: 98.5%  (very likely), with  1.5% odds on a rate increase (extremely unlikely.)
  
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• Current odds the U.S. Prime Rate will continue at 4.25% after the December 13^TH, 2017 FOMC monetary policy meeting: 17.1%  (not likely), with 82.9% odds (likely) that the U.S. Prime Rate will be at least 25 basis points (0.25 percentage point) higher.
  
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• NB: United States Prime Rate = (The Fed Funds Target Rate + 3)

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