Do you foresee the us PRIME rate going down anytime soon??

Question

I know it hasnt gone up in awhile, but do you actually see it going down soon?

Answer 1

not at all matter of fact i see in the near future prime rate rising.

Answer 2

Right now, the Fed Funds rate is at 5.25%, and the Prime rate is almost always exactly 3% higher and moves in lock step with the Fed Funds rate. Right now, I see the Fed Funds rate staying right where it is for the next few months, and if it moves at all, it will go slightly higher.