The Wall Street Journal Interest Rates

It is not the best rate offered by banks.

The wall street journal interest rates.

The journal surveys the 30 largest banks and when three quarters. 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. 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. Dow jones a news corp company.

Prime rate september 16 2020. The wall street journal prime rate wsj prime rate is a measure of the u s. Dow jones a news corp company news corp is a network of leading companies in the worlds of diversified media news education and information services. Prime rate is the base rate on corporate loans posted by at least 70 of the 10 largest u s.

The wall street journal prime rate is an average of 10 large american banks prime rate which is published in the wsj on a regular basis. Market data center on the wall street journal. Some banks fix their interest rates below the current prime rate strategically to generate more business to help customers to save more money on loans borrowed from the bank. Therefore the united states prime rate remains at 3 25 the next fomc meeting and decision on short term interest rates will be on november 5 2020.

The initials stand for the wall street journal which surveys large banks and publishes the consensus prime rate. The wall street journal prime rate forecast and history is widely used by academics economists and investors across various countries in the world. Prime rate is the base rate on corporate loans posted by at least 70 of the 10 largest u s. It should not be confused with the federal funds rate set by the federal reserve though these two rates often move in tandem.

The prime rate is a key interest rate that is published daily in the pages of the wall street journal an authoritative source for financial news stock market prices and economic statistics. The wall street journal defines wsj prime rate as 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.