The Wall Street Journal Interest Rates

Market data center on the wall street journal.

The wall street journal interest rates.

The journal surveys the 30 largest banks and when three quarters. It is not the best rate offered by banks. The initials stand for the wall street journal which surveys large banks and publishes the consensus prime rate. 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. It should not be confused with the federal funds rate set by the federal reserve though these two rates often move in tandem. The wall street journal defines wsj prime rate as u s. Market data center on the wall street journal.

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. Prime rate is the base rate on corporate loans posted by at least 70 of the 10 largest u s. 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. 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.

The wall street journal prime rate wsj prime rate is a measure of the 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. The prime rate is the best interest rate charges to a 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.

Dow jones a news corp company. Prime rate september 16 2020. 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.