The Wall Street Journal Interest Rates

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 wall street journal interest rates.

The wall street journal defines wsj prime rate as u s. Dow jones a news corp company. Prime rate is the base rate on corporate loans posted by at least 70 of the 10 largest 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.

Market data center on the wall street journal. The fomc has voted to leave the target range for the fed funds rate at 0 0 25. The wall street journal prime rate forecast and history is widely used by academics economists and investors across various countries in the world. 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.

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. The wall street journal prime rate wsj prime rate is a measure of the u s. The prime rate is the best interest rate charges to a bank. 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 initials stand for the wall street journal which surveys large banks and publishes the consensus prime rate. 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 journal surveys the 30 largest banks and when three quarters. 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.

It is not the best rate offered by banks. Prime rate is the base rate on corporate loans posted by at least 70 of the 10 largest u s. Prime rate september 16 2020.