Odds At 91.5% (Very Likely) The U.S. Prime Rate Will Rise To 4.50% After The December 13, 2017 FOMC Monetary Policy Meeting

Prime Rate Forecast

Prime Rate Forecast

As of right now, odds are at 91.5%  that the Federal Open Market Committee (FOMC) will vote to raise the target range for the benchmark fed funds rate by 25 basis points (0.25 percentage point) to 1.25% - 1.50% at the December 13^TH, 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%.  A 25 basis point rate increase on December 13^TH, 2017 would cause the U.S. Prime Rate to rise to 4.50%.

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

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Economic data influencing the latest odds include readings on Gross Domestic Product, Inflation, Jobs, Productivity, Manufacturing, Non-Manufacturing (Services Sector), Consumer Confidence, Consumer Sentiment, Economic Activity, Small Business Optimism and Energy.

Stay tuned...

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Current Odds

• Current odds the U.S. Prime Rate will rise to 4.50% after the December 13^TH, 2017 FOMC monetary policy meeting: 91.5%  (very likely), with 8.5% odds (very unlikely) that the U.S. Prime Rate will rise to 4.75%.
  
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• NB: United States Prime Rate = (The Fed Funds Target Rate + 3)

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