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Wall Street Journal Prime Rate

High Quality Content by WIKIPEDIA articles! The Wall Street Journal Prime Rate (WSJ 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. banks." It is not the 'best' rate offered by banks. It should not be confused with the federal funds rate set by the Federal Reserve, though these two rates often move in tandem. The current rate is 3.25% (as of 2008-12-16).The print edition of the WSJ is generally the official source of the prime rate. The Wall Street Journal prime rate is considered a trailing economic indicator. Many (if not most) lenders specify this as their source of this index and set their prime rates according to the rates published in the Wall Street Journal. Because most consumer interest rates are based upon the Wall Street Journal Prime Rate, when this rate changes, most consumers can expect to see the interest rates of credit cards, auto loans and other consumer debt change.
EAN: 9786131438769
Sprache: Englisch
Seitenzahl: 100
Produktart: kartoniert, broschiert
Herausgeber: Surhone, Lambert M. Tennoe, Mariam T. Henssonow, Susan F.
Verlag: Betascript Publishing
Schlagworte: Wall Street Journal