According to the “Prime Rate Blog“, the federal funds and prime rates are unlikely to drop at the September, 2007 meeting of the Federal Open Market Committee (FOMC). While that’s not necessarily news, the aforementioned blog includes an interesting feature that actually gives odds for rate changes. According to the blog:

As of right now, the investors who trade in Fed Funds Futures have odds at 0% (according to current pricing on contracts) that the FOMC will opt to lower the benchmark Federal Funds Target Rate by 25 basis points at the September 18^TH, 2007 monetary policy meeting.

Link: Myles Commercial Real Estate Title Services.

Tags: fed funds rate, FOMC, prime rate

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