Fed Funds Forecast
The current Fed Funds Rate target is 2.00% (as of August 1, 2008).
The implied market expectation of the Fed Funds Rate, based on CBOT futures is:
08/2008 - 2.02%
09/2008 - 2.05%
10/2008 - 2.09%
11/2008 - 2.16%
12/2008 - 2.19%
01/2009 - 2.25%
02/2009 - 2.38%
03/2009 - 2.44%
04/2009 - 2.52%
05/2009 - 2.60%
06/2009 - 2.67%
07/2009 - 2.77%
LIBOR Forecast
The current 1-Month LIBOR Rate is 2.46% (as of August 1, 2008).
The implied market expectation of the 1-Month LIBOR Rate (as of August 1, 2008), based on CME futures is:
08/2008 - 2.48%
09/2008 - 2.46%
10/2008 - 2.62%
11/2008 - 2.68%
12/2008 - 2.96%
01/2009 - 2.84%
02/2009 - 2.85%
03/2009 - 2.95%
04/2009 - 2.99%
05/2009 - 3.03%
06/2009 - 3.11%
07/2009 - 3.15%
Prime Rate
The current Prime Rate is 5.00% (as of August 1, 2008).
Historical information on interest rates can be found at the Federal Reserve website
Historical information on LIBOR can be found at British Bankers’ Association