Wall Street Journal Prime Rate History By Month

Wsj us prime rate advanced interest rate charts by marketwatch.

Wall street journal prime rate history by month.

Prime rate september 16 2020. 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. The fomc has voted to leave the target range for the fed funds rate at 0 0 25. It is not the best rate offered by banks.

Therefore the united states prime rate remains at 3 25 the next fomc meeting and decision on short term interest rates will be on november 5 2020. Prime rate july 29 2020. Market data center on the wall street journal. Publications may also refer to the wall street journal prime lending rate or the wsj prime lending rate.

The fomc has voted to leave the target range for the fed funds rate at 0 0 25. This is the current wall street journal wsj prime rate and historical values for the years 2000 to 2019. It should not be confused with the federal funds rate set by the federal reserve though these two rates often move in tandem. The initials stand for the wall street journal which surveys large banks and publishes the consensus prime rate.

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. Other prime rates aren t directly comparable. 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. Banks and is effective 3 16 20.

Dow jones a news corp company. With the exception of the current price and. Libor 2 month. Prime rate is the base rate on corporate loans posted by at least 70 of the 10 largest u s.

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.