WSJ Prime Rate7.57.58.5 What it means:The initials stand for The Wall Street Journal, which surveys large banks and publishes the consensus prime rate. The Journal surveys the 30 largest banks, and when three-quarters of them (23) change, the Journal changes its rate, effective on the day...
WSJ Prime Rate7.57.58.5 What it means:The initials stand for The Wall Street Journal, which surveys large banks and publishes the consensus prime rate. The Journal surveys the 30 largest banks, and when three-quarters of them (23) change, the Journal changes its rate, effective on the day...
The Wall Street Journal defines WSJ Prime Rate as "U.S. prime rate is the base rate on corporate loans posted by at least 70% of the 10 largest U.S. banks ". The WSJ Prime Rate is primarily dependent on the Fed Funds rate set by the Federal Open Market Committee (FOMC). The Fed...