Prime Interest Rate Today 2024 Usa . — bankrate.com provides the wall street prime rate and wsj current prime rates index. As of may 20, 2024, the current prime rate is 8.50%, according to the wall street journal’s money rates table.
— federal reserve cuts rates by 50 basis points. — for instance, if the fed funds rate is 5%, roughly where it was in early 2024, a lender might calculate its prime rate as 8%:
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