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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 ...
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 50 basis-point increase by Canada's largest bank by market cap mirrors the Bank of Canada's hike, taking RBC's prime rate from 2.70 to 3.20 per cent. TD followed minutes later, also increasing ...
The Wall Street Journal Economic Survey has been cited and used in some academic research on forecast accuracy and the nature of expectations. Reception in the financial press and blogs. Forecasts made in the Wall Street Journal Economic Survey are often discussed by other financial press and blog articles. See also
Greg Ip. Greg Ip (born June 18, 1964 [citation needed]) is a Canadian-American journalist, currently the chief economics commentator for The Wall Street Journal. [ 1] A native of Canada, Ip received a bachelor's degree in economics and journalism from Carleton University in Ottawa, Ontario. He lives in Bethesda, Maryland. [ 2][ 3]
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related to: canada wall street journal prime rate forecastwsj.com has been visited by 10K+ users in the past month
America's Most Trusted Source for News - Pew Research Center