Therefore the united states prime rate remains at 3 25 the next fomc meeting and decision on short term interest rates will be on september 16 2020.
Wall street journal prime rate history chart.
Prime rate july 29 2020.
The wall street journal prime rate wsj prime rate is a measure of the u s.
Publications may also refer to the wall street journal prime lending rate or the wsj prime lending rate.
It is not the best rate offered by banks.
Wsj us prime rate advanced interest rate charts by marketwatch.
It should not be confused with the federal funds rate set by the federal reserve though these two rates often move in tandem.
In addition to commercial loans and credit card rates many consumer loans are based upon the prime rate including credit products like home equity loans car loans and personal loans.
Prime rate defined by the wall street journal wsj as the base rate on corporate loans posted by at least 70 of the 10 largest u s.
This is the current wall street journal wsj prime rate and historical values for the years 2000 to 2019.
The journal surveys the 30 largest banks and when three quarters.