Wall Street Journal Prime Rate History

The prime rate is 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.

Wall street journal prime rate history.

The wall street journal prime rate wsj prime rate is a measure of the u s. The prime rate as reported by the wall street journal s bank survey is among the most widely used benchmark in setting home equity lines of credit and credit card rates. Wsj us prime rate advanced interest rate charts by marketwatch. Market data center on the wall street journal.

Hsh uses the print edition of the wsj as the official source of the prime rate. Banks it is not the best rate offered by banks. Until december 17 2008 the prime rate was defined by the wall street journal wsj as the base rate on corporate loans posted by at least 75 of the nation s 30 largest u s. Banks on that date it became 70 of the 10 largest u s.

What is the prime rate. Prime rate is the base rate on corporate loans posted by at least 70 of the 10 largest u s. The initials stand for the wall street journal which surveys large banks and publishes the consensus prime rate. The fomc has voted to leave the target range for the fed funds rate at 0 0 25.

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. It should not be confused with the federal funds rate set by the federal reserve though these two rates often move in tandem. Dow jones a news corp company. It is not the best rate offered by banks.

Prime rate july 29 2020. With the exception of the current price and price history was. Dow jones a news corp company. 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.

Wsjprime a complete wsj us prime rate interest rate overview by marketwatch. View interest rate news and interest rate market information.