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The prime rate is 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.
Today s wall street journal prime rate. The initials stand for the wall street journal which surveys large banks and publishes the consensus prime rate. Banks it is not the best rate offered by banks. Banks and is effective 3 16 20. 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.
It should not be confused with the federal funds rate set by the federal reserve though these two rates often move in tandem. View interest rate news and interest rate market information. Other prime rates aren t directly comparable. 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.
The journal surveys the 30 largest banks and when three quarters. 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 wsj prime rate is a measure of the u s.
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