The Wall Street Journal Prime Time (WSJ Prime Rate) is a measure of the US prime rate , defined by The Wall Street Journal (WSJ) as ” ” It is not the “best” rate offered by banks. It should not be confused with the federal funds rate by the Federal Reserve , though these two rates often move in tandem.
The print edition of the WSJ is the official source of the prime rate . The Wall Street Journal. Many (if not most) lenders specify what their source of this index and set their rates according to the Wall Street Journal. Because of the low interest rates and the low interest rates of the consumer, debt consolidation,
The prime rate is not at regular intervals. It changes only when the nation’s “largest banks” decide on the need to raise, or lower, their “base rate.” The prime rate may not change for years, but it has also changed several times in a single year.
Historical data for the WSJ prime rate
- Wall Street Journal
- Prime rate
- Federal Reserve
- Jump up^ “The Wall Street Journal – Money Rates” .