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Prime Rate Prediction |
Prime Rate Forecast
As of right now, our odds are at 90% (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 June 18TH, 2025 monetary policy meeting, leaving the U.S. Prime Rate at the current 7.50%.
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Here's a clip from prepared remarks by Fed Governor Dr. Adriana D. Kugler, at the International Economic Symposium, hosted by the Central Bank of Ireland, in Dublin:
"...While the latest data show a resilient economy, I expect growth this year to be slower than last. Labor market conditions have been mostly stable. Inflation remains above the Federal Open Market Committee's (FOMC) 2% target, and further progress on disinflation has been slow. Looking ahead, I am monitoring the effects of changing trade policies, as I see them as likely having a significant effect on the U.S. and global economies in the near future..."=======
Stay tuned...
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The United States Prime Rate was lowered to the current 7.50% on December 18, 2024.
SUMMARY
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