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

1990-1999
Date of Change Prime Rate
1991
2-Jan-91 9.50%
1-Feb-91 9.00-9.50
5-Feb-91 9.00
21-Feb-91 8.75-9.00 (BofA)
24-Apr-91 9.00
1-May-91 8.50
13-Sep-91 8.00
6-Nov-91 7.50
23-Dec-91 6.50
1992
02-Jul-92 6.00%
1994
24-Mar-94 6.25%
19-Apr-94 6.75
18-May-94 7.25
16-Aug-94 7.75
15-Nov-94 8.50
1995
1-Feb-95 9.00%
7-Jul-95 8.75%
20-Dec-95 8.50%
1996
31-Jan-96 8.25%
1997
27-Mar-97 8.50%
1998
30-Sep-98 8.25%
16-Oct-98 8.00%
18-Nov-98 7.75%
1999
01-Jul-99 8.00%
25-Aug-99 8.25%
17-Nov-99 8.50%
2000-pres
Date of Change Prime Rate
2000
03-Feb-00 8.75%
22-Mar-00 9.00%
17-May-00 9.50%
2001
04-Jan-01 9.00%
01-Feb-01 8.50%
21-Mar-01 8.00%
19-Apr-01 7.50%
16-May-01 7.00%
28-Jun-01 6.75%
22-Aug-01 6.50%
18-Sep-01 6.00%
03-Oct-01 5.50%
07-Nov-01 5.00%
12-Dec-01 4.75%
2002
07-Nov-02 4.25%
2003
27-Jun-03 4.00%
2004
01-Jul-04 4.25%
11-Aug-04 4.50%
22-Sep-04 4.75%
10-Nov-04 5.00%
14-Dec-04 5.25%
2005
02-Feb-05 5.50%
22-Mar-05 5.75%
03-May-05 6.00%
30-Jun-05 6.25%
09-Aug-05 6.50%
20-Sep-05 6.75%
01-Nov-05 7.00%
13-Dec-05 7.25%
2006
31-Jan-06 7.50%
28-Mar-06 7.75%
10-May-06 8.00%
29-Jun-06 8.25%
2007
18-Sept-07 7.75%
31-Oct-07 7.50%
11-Dec-07 7.25%
2008
22-Jan-08 6.50%
30-Jan-08 6.00%
18-Mar-08 5.25%
30-Apr-08 5.00%
08-Oct-08 4.50%
30-Oct-08 4.00%
16-Dec-08 3.25%
2015
17-Dec-15 3.50%
2016
15-Dec-16 3.75% [1]
2017
16-Mar-17 4.00%
15-Jun-17 4.25%

See also

  • Wall Street Journal
  • Prime rate
  • Federal Reserve

References

  1. Jump up^ “The Wall Street Journal – Money Rates” .