Wall Street Journal Prime Rate Historical

Wsj us prime rate advanced interest rate charts by marketwatch.

Wall street journal prime rate historical.

Market data center on the wall street journal. Dow jones a news corp company. Prime rate is the base rate on corporate loans posted by at least 70 of the 10 largest 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.

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. Latest wk ago high low. Prime rate july 29 2020. What is the prime rate.

It should not be confused with the federal funds rate set by the federal reserve though these two rates often move in tandem. The journal surveys the 30 largest banks and when three quarters. Banks on that date it became 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.

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. 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. It is not the best rate offered by banks. 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. Wsjprime a complete wsj us prime rate interest rate overview by marketwatch.