Wall Street Journal Prime Rate Chart

Prime rate is the base rate on corporate loans posted by at least 70 of the 10 largest u s.

Wall street journal prime rate chart.

The initials stand for the wall street journal which surveys large banks and publishes the consensus prime rate. Publications may also refer to the wall street journal prime lending rate or the wsj prime lending rate. Hsh uses the print edition of the wsj as the official source of the prime rate. Latest wk ago high low.

The journal surveys the 30 largest banks and when three quarters. 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. The wall street journal prime rate wsj prime rate is a measure of the u s. Dow jones a news corp company.

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. 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. It should not be confused with the federal funds rate set by the federal reserve though these two rates often move in tandem. 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.

Wsjprime a complete wsj us prime rate interest rate overview by marketwatch. Banks it is not the best rate offered by banks. View wsjprime interest rate data and compare to other rates stocks and exchanges. Prime rate july 29 2020.

The fomc has voted to leave the target range for the fed funds rate at 0 0 25. Wsj us prime rate advanced interest rate charts by marketwatch. It is not the best rate offered by banks.