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.
Wall st journal education rate.
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The federal reserve takes a leap into the monetary unknown.
The initials stand for the wall street journal which surveys large banks and publishes the consensus prime rate.
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It is not the best rate offered by banks.
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The journal surveys the 30 largest banks and when three quarters.
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It should not be confused with the federal funds rate set by the federal reserve though these two rates often move in tandem.
The wall street journal prime rate wsj prime rate is a measure of the u s.