It should not be confused with the federal funds rate set by the federal reserve though these two rates often move in tandem.
Current index rate wall street journal.
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.
In general its changes have been smaller than changes in the prime rate.
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The wall street journal defines wsj prime rate as u s.
Capital markets and can be found in the wall street journal.
The initials stand for the wall street journal which surveys large banks and publishes the consensus prime rate.
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It is not the best rate offered by banks.
Index july 20 aug.
Prime rate is the base rate on corporate loans posted by at least 70 of the 10 largest u s.
It is a standard financial index used in u s.
There are different indices that report on the prime rate and one of most commonly referred is the prime rate index is the wall street journal s prime rate wsj prime rate.
This is the current wall street journal wsj prime rate and historical values for the years 2000 to 2019.
The wall street journal prime rate wsj prime rate is a measure of the u s.