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WSJ Prime Rate Changes. The Wall Street Journal Prime Rate (WSJ Prime Rate) is a measure of the U.S. 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. banks". It is not the "best" rate offered by banks.
The current prime rate is 5.50%, up from 4.75% in June. It went into effect July 28, 2022. This is the fourth time in 2022 that the Federal Reserve has increased the prime rate.
The prime interest rate, also known as the “U.S. prime rate” or “Wall Street Journal prime rate,” is determined by individual banks, helping them decide how much interest to charge for ...
Find out how history affects today's rates and what it means for you. ... The prime rate published by The Wall Street Journal is the base rate on corporate loans posted by at least 70% of the 10 ...
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. Recognizing that fewer, larger banks now control most banking assets (that is, it is more concentrated), the Journal now publishes a rate reflecting the base ...
Wall Street Journal prime rate; Knut Wicksell; Z. Zero interest-rate policy; Zero lower bound; Zero rate This page was last edited on 15 June 2017, at 06:28 (UTC). ...
The new increase means higher borrowing costs for car loans, home equity lines of credit and credit cards.
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