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The Wall Street Journal Prime Rate is notable in that it is a trailing indicator of the nation's economic strength. Most consumer credit cards base their interest rate on the Wall Street Journal Prime Rate, so consumers use it to predict when their rates will increase.
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∙ 10y ago
The Wall Street Journal Prime Rate is a widely used benchmark for setting interest rates for various financial products such as loans and mortgages. It is based on the prime rate that banks charge their most creditworthy customers. Changes in the prime rate can impact borrowing costs for individuals and businesses.
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How would I find the prime rate?
To find the prime rate by going to the Wall Street Journal's website. Its website publishes the most recent prime rate. The Wall Street Journal also predicts the rate.
Does Wall street Journal charge a prime rate?
The Wall Street Journal does not charge a prime rate. The rate is the same whether you pay monthly or yearly. The yearly rate is $119 or you can break it into 12 payments of $9.92.
does wallstreet journal charge a prime rate?
The Wall Street Journal does not charge a prime rate. The rate is the same whether you pay monthly or yearly. The yearly rate is $119 or you can break it into 12 payments of $9.92.
Can I read the Wall Street Journal to find the prime rate?
Yes, you can read The Wall Street journal in print to find the prime rate, they have them at the library if you don't want to buy it. You can also read it online, but there is a fee for online content.
How often does the Wall Street Journal Prime Rate change?
The Wall Street Journal Prime Rate changes pretty often. Usually once of twice a month. Traditionally the FOMC would meet and change the rate when 23 of the 30 banks rates would change.
What is Current prime rate?
The current prime rate according to the Wall Street Journal and the Bloomberg Business Weekly is currently between twenty-two and twenty-five percent.
What is a variable interest rate?
An interest rate that changes based on economic factors, such as T-Bills, LIBOR, and the prime rate published in the Wall Street Journal.
What is variable interest rate?
An interest rate that changes based on economic factors, such as T-Bills, LIBOR, and the prime rate published in the Wall Street Journal.
How does your bank know the prime interest rate?
Your bank will know the prime interest rate (also known as the "United States Prime rate" in the same manner that it becomes known to other banks. The rate is determined by the Wall Street Journal based on polling the nations top 10 banks. The rate is updated when at least 7 of the 10 banks change their interest rates. The rates are a composite of these top banks and the "prime interest rate" is published in the Wall Street Journal.
What is prime current?
The current prime rate according to the Wall Street Journal and the Bloomberg Business Weekly is currently between twenty-two and twenty-five percent.
What is the prime interest rate as of June 18 2011?
The prime interest rate as of June 18, 2011 is 3.25%, however each bank may set its prime rate differently. The 3.25% is cited from the Wall Street Journal, which aggregates many different bank's prime rates.
What is the current Prime Rate?
The current prime rate according to the Wall Street Journal and the Bloomberg Business Weekly is currently between twenty-two and twenty-five percent.
