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2. What Is the Current Prime Rate and How Does It Affect You? - AOL

   www.aol.com/current-prime-rate-does-affect...

   The current prime rate is 7.75%, up from 7.50% in December. It went into effect Feb. 2, 2023. This is the eighth time that the Federal Reserve has increased the prime rate since it began its most ...

3. U.S. prime rate - Wikipedia

   en.wikipedia.org/wiki/U.S._Prime_Rate

   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.

4. This Fed rate cut: 5 ways lower rates affect how you ... - AOL

   www.aol.com/finance/what-does-fed-rate-cut-mean...

   Card issuers tie their APR rates to the prime lending rate, which typically sits at about 3.00% higher than the Fed funds rate. For instance, the prime rate rose to 8.50% in July 2023 just as the ...

5. What Is the Federal Funds Rate? See the Current Rate, How It ...

   www.aol.com/federal-interest-rates-ve-changed...

   Find out how history affects today's rates and what it means for you. ... The prime rate reported by the Federal Reserve is the prime rate quoted by a majority of the nation’s 25 largest banks ...

6. Prime rate - Wikipedia

   en.wikipedia.org/wiki/Prime_rate

   Prime rates in the US, FRG and the European Union. The prime rate or prime lending rate is an interest rate used by banks, typically representing the rate at which they lend to their most creditworthy customers. Some variable interest rates may be expressed as a percentage above or below prime rate. [1]: 8

7. Here's how the Fed's interest rate cut today could impact ...

   www.aol.com/heres-expect-feds-interest-rate...

   The Fed cut its federal funds rate — the interest rate banks charge each other for short-term loans — by 0.25 percentage points, lowered the rate to a range of 4.25% to 4.5%, down from its ...