Prime Rate Forecasts and News

United States Prime Rate News, Forecasts and Predictions

Wednesday, June 17, 2026

Fourth FOMC Monetary Policy Meeting of 2026 Adjourned: United States Prime Rate Continues at 6.75%

United States Prime Rate Continues at 6.75%
United States Prime Rate

The Federal Open Market Committee (FOMC of the Federal Reserve System has just adjourned its fourth monetary policy meeting of 2026 and, in accordance with our latest forecast, has voted to keep the benchmark target range for the federal funds rate at 3.50% - 3.75%. Therefore, the United States Prime Rate (a.k.a the Fed Prime Rate) continues at 6.75%.

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

Here's a clip from today's FOMC press release (note text in bold):

"...The Federal Open Market Committee approved the following statement for release by a 12 – 0 vote:

The Committee decided to maintain the target range for the federal funds rate at 3-1/2 to 3-3/4 percent, in support of the Federal Reserve's dual mandate. The Committee reaffirmed its policy of maintaining ample reserves in the banking system.

Economic activity is expanding at a solid pace despite elevated uncertainty that owes, in part, to the conflict in the Middle East. Productivity growth and capital investment are strong. Job gains have kept pace with the workforce, and the unemployment rate has changed little.

Inflation remains elevated relative to the Committee's 2 percent goal, in part reflecting supply shocks that have driven price increases in certain sectors, including energy. The Committee will deliver price stability.
.."

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