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2. U.S. prime rate - Wikipedia

   en.wikipedia.org/wiki/U.S._Prime_Rate

   U.S. prime rate. The U.S. prime rate is in principle the interest rate at which a supermajority (3/4ths) of large banks loan money to their most creditworthy corporate clients. [1] As such, it serves as the de facto floor for private-sector lending, and is the baseline from which common "consumer" interest rates are set (e.g. credit card rates).

3. What Is the Current Prime Rate and How Does It Affect You? - AOL

   www.aol.com/current-prime-rate-does-affect...

   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 has increased the prime rate. The prime rate ...

4. Federal funds rate - Wikipedia

   en.wikipedia.org/wiki/Federal_funds_rate

   Federal funds rate vs unemployment rate. In the United States, the federal funds rate is the interest rate at which depository institutions (banks and credit unions) lend reserve balances to other depository institutions overnight on an uncollateralized basis. Reserve balances are amounts held at the Federal Reserve.

5. How does the prime interest rate affect you? - AOL

   www.aol.com/finance/does-prime-interest-rate...

   The prime rate is generally three percentage points higher than the federal funds rate, which is a target interest rate range set by the Federal Reserve Board. This rate is used to determine how ...

6. How the Fed Interest Rate Increase Will Affect You - AOL

   www.aol.com/fed-interest-rate-increase-affect...

   The Federal Reserve uses the prime interest rate to stimulate or slow the economy, based on current economic patterns. With inflation topping 9% and the cost of everyday goods rising, the Fed ...

7. Federal Reserve responses to the subprime crisis - Wikipedia

   en.wikipedia.org/wiki/Federal_Reserve_responses...

   In August 2007, Committee announced that "downside risks to growth have increased appreciably," a signal that interest rate cuts might be forthcoming. Between 18 September 2007 and 30 April 2008, the target for the Federal funds rate was lowered from 5.25% to 2% and the discount rate was lowered from 5.75% to 2.25%, through six separate actions.