Wall Street Journal Prime Rate History Wikipedia

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 history wikipedia.

Other rates including the prime rate derive from this base rate. Banks it is not the best rate offered by banks. The print edition of the wsj is generally the official source of the prime rate. Market data center on the wall street journal.

It is not the best rate offered by banks. The initials stand for the wall street journal which surveys large banks and publishes the consensus prime rate. The wall street journal prime rate is considered a. The wall street journal also known as the journal is an american business focused english language international daily newspaper based in new york city with international editions also available in chinese and japanese the journal along with its asian editions is published six days a week by dow jones company a division of news corp the newspaper is published in the broadsheet format.

Wsj us prime rate advanced interest rate charts by marketwatch. Prime rate defined by the wall street journal as the base rate on corporate loans posted by at least 70 of the 10 largest u s. Wall street journal prime rate what it means. Dow jones a news corp company.

View wsjprime interest rate data and compare to other rates stocks and exchanges. Prior to december 17 2008 the wall street journal followed a policy of changing its published prime rate when 23 out of 30 of the united states largest banks changed their prime rates. When 23 out of 30 largest us banks change their prime rate the wsj prints a. Hsh uses the print edition of the wsj as the official source of the prime rate.

Prime rate july 29 2020. 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 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. The journal surveys the 30 largest.

It should not be confused with the federal funds rate set by the federal reserve though these two rates often move in tandem. The fomc has voted to leave the target range for the fed funds rate at 0 0 25. 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. Recognizing that fewer larger banks now control most banking assets i e it is more concentrated the journal now publishes a rate reflecting the base rate posted by at least 70 of the top ten banks by assets.