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The Wall Street Journal Prime Rate (WSJ Prime Rate) is a measure of the 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. banks". It is not the "best" rate offered by banks.
Prior to December 17, 2008, the Wall Street Journal followed a policy of changing its published prime rate when 23 out of 30 of the United States' largest banks changed their prime rates. Recognizing that fewer, larger banks now control most banking assets (that is, it is more concentrated), the Journal now publishes a rate reflecting the base ...
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".
The prime interest rate, also known as the “U.S. prime rate” or “Wall Street Journal prime rate,” is determined by individual banks, helping them decide how much interest to charge for ...
The Wall Street Journal carries out research to determine the interest rate banks are using to charge other banks for loans. It publishes this rate as the prime rate. What Is the Current Prime Rate?
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.
The Wall Street Journal is the second-largest newspaper in the United States by circulation, with a print circulation of around 560,000 and 3 million digital subscribers as of 2023. [ 1] WSJ publishes international editions in various regions around the world, including Europe and Asia.
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
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