The Wall Street Journal Prime Rate (WSJ Prime Rate) is a key US level measure, defined by The Wall Street Journal (WSJ) as "The company's basic loan rates are posted by at least 70% of the top 10 US banks. "This is not the" best "rate offered by the bank. It should not be confused with the federal funds rate set by the Federal Reserve, although these two levels often move together.
The WSJ print edition is generally the official source of the prime tariff. The highest number of Wall Street Journal is considered as a lagging economic indicator. Many (if not most) lenders set this as the source of this index and set their key interest rates according to rates published in the Wall Street Journal. Since most consumer interest rates are based on the Wall Street Journal Prime Rate, when these levels change, most consumers can expect to see credit card interest rates, auto loans, and other consumer debt changes.
The prime rate does not change periodically. This 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 over the years, but it has also changed several times in a year.
Video Wall Street Journal prime rate
Historical data for prime WSJ
Maps Wall Street Journal prime rate
See also
- Wall Street Journal
- Primary value
- Federal Reserve
References
- Various editions of the Wall Street Journal
External links
- Money Rates in the Wall Street Journal
Source of the article : Wikipedia
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