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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 7.75%, up from 7.50% in December. It went into effect Feb. 2, 2023. This is the eighth time that the Federal Reserve has increased the prime rate since it began its most ...
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 ...
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Prime rates in the US, FRG and the European Union. The prime rate or prime lending rate is an interest rate used by banks, typically representing the rate at which they lend to their most creditworthy customers. Some variable interest rates may be expressed as a percentage above or below prime rate. [1]: 8
The new increase means higher borrowing costs for car loans, home equity lines of credit and credit cards.
Restriction on who could get in medical schools, and higher demands on their education were put in place. As well, greater attentions to their professional ethics were among the strategies employed to distinguish themselves as high status professionals. Physicians also pressured the government for better attention to the health of its citizens.