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Prime rate, federal funds rate, COFI Updated: 2024-09-24. What it means: The initials stand for The Wall Street Journal, which surveys large banks and publishes the consensus prime rate. The ...
The Current U.S. (Fed) Prime Rate is: 8.00%. September 18, 2024: The FOMC has voted to lower the. target range for the fed funds rate to 4.75% - 5.00%. Therefore, the United States Prime Rate is now 8.00%. The next FOMC meeting and decision on short-term.
The prime rate today is 8.00% as of September 19, 2024. Commercial banks use the prime rate to calculate the interest on consumer loans, credit cards, and mortgages.
This is the current Wall Street Journal (WSJ) Prime Rate, and historical values for the years 2020 to 2024. Historical Prime Rate values dating to 1975 can be found at HSH.com.
The Fed held rates there until September 2024, when it cut the fed funds rate by 0.5% amid lower inflation readings and a weakening US labor market. The cut brings the current rate range to...
Prime rate, federal funds rate, COFI. The prime rate, as reported by The Wall Street Journal's bank survey, is among the most widely used benchmark in setting home equity lines of credit and...
As of May 20, 2024, the current prime rate is 8.50%, according to The Wall Street Journal’s Money Rates table. This source aggregates the most common prime rates charged throughout the U.S. and...