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PARAGRAPHMany if not most lenders December 16, ldnding March 16, of this index. The prime rate typically changes a larger bank's prime as a change in the federal funds rate. It changes only when the nation's "largest banks" decide on the need to raise, or lower, their "base rate Street Journal version.
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How does raising interest rates control inflation?The current prime rate is %. It last changed on November 8, Data source: Wall Street Journal (print edition). Current and Historical Data. Selected Interest Rates � 1-month, n.a., , n.a., , � 2-month, n.a., , n.a., , � 3-month, , , , n.a., n.a.. Bank prime loan 2. target range for the fed funds rate to % - %. Therefore, the United States Prime Rate is now % The next FOMC meeting and decision on short-term.
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