The Latest Odds Related That A Prime Rate Increase Will Happen At The End of March
Prime Rate Increase Coming Next Week
It's virtually a foregone conclusion that The Fed will raise The Fed Funds Rate by 0.25 percentage points after the Federal Open Market Committee (FOMC) meets next Tuesday (which will translate to a 0.25 percentage point increase of the published Wall Street Journal Prime Rate.)
Odds of A Prime Rate Increase After The Second FOMC Meeting of 2006
The latest news comes from the folks who trade in Fed Funds Futures: fed funds traders are now predicting that there's a 78% chance that The FOMC will increase the Fed Funds Rate by another 25 basis points when The FOMC meets on March 28, 2006. Two weeks ago, the odds of another quarter point increase for March were 58%, so it's a significant jump. Of course, with a new Federal Reserve Chairman coming in, prime rate predictions for March 2006 should be taken with a grain of salt.
Be sure to stop by again on Tuesday, January 31, 2006 for news about prime rate changes.
The current prime rate is 7.25%.
Click here for The FOMC meeting schedule.
It's virtually a foregone conclusion that The Fed will raise The Fed Funds Rate by 0.25 percentage points after the Federal Open Market Committee (FOMC) meets next Tuesday (which will translate to a 0.25 percentage point increase of the published Wall Street Journal Prime Rate.)
Odds of A Prime Rate Increase After The Second FOMC Meeting of 2006
The latest news comes from the folks who trade in Fed Funds Futures: fed funds traders are now predicting that there's a 78% chance that The FOMC will increase the Fed Funds Rate by another 25 basis points when The FOMC meets on March 28, 2006. Two weeks ago, the odds of another quarter point increase for March were 58%, so it's a significant jump. Of course, with a new Federal Reserve Chairman coming in, prime rate predictions for March 2006 should be taken with a grain of salt.
Be sure to stop by again on Tuesday, January 31, 2006 for news about prime rate changes.
The current prime rate is 7.25%.
Click here for The FOMC meeting schedule.
