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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.
A 2005 presidential poll was conducted by James Lindgren for the Federalist Society and The Wall Street Journal. [13] [14] As in the 2000 survey, the editors sought to balance the opinions of liberals and conservatives, adjusting the results "to give Democratic- and Republican-leaning scholars equal weight".
File:Historical WSJ Prime Rate 1947 to June 2022.svg. Size of this PNG preview of this SVG file: 640 × 480 pixels. Other resolutions: 320 × 240 pixels | 1,024 × 768 pixels | 1,280 × 960 pixels | 2,560 × 1,920 pixels. Original file (SVG file, nominally 640 × 480 pixels, file size: 30 KB) This is a file from the Wikimedia Commons.
The prime rate impacts the cost of credit on consumer loans, including credit card accounts, with the rates on consumer loans moving up or down with the prime rate. The prime rate is tied to the ...
August 5, 2022 at 1:15 PM. DNY59 / iStock.com. The current prime rate is 5.50%, up from 4.75% in June. It went into effect July 28, 2022. This is the fourth time in 2022 that the Federal Reserve ...
The prime rate affects almost all individuals and organizations in some way, typically determining how much interest they'll have to pay on bank-borrowed money. This rate, which stands at 3.50% in
The prime rate is used often as an index in calculating rate changes to adjustable-rate mortgages (ARM) and other variable rate short-term loans. It is used in the calculation of some private student loans. Many credit cards and home equity lines of credit with variable interest rates have their rate specified as the prime rate (index) plus a ...
As of July 17, the Federal Reserve and The Wall Street Journal both report the prime rate to be 8.50%. You’ll note that the prime rate is about 3% higher than the federal funds rate.