Wall Street Journal prime rate - wikipedia Wall Street Journal prime rate This article relies largely or entirely on a single source. Relevant discussion may be found on the talk page. Please help improve this article by introducing citations to additional sources. ( October 2015 ) 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. It should not be confused with the federal funds rate set by the Federal Reserve, though these two rates often move in tandem. The print edition of the WSJ is generally the official source of the prime rate. The Wall Street Journal prime rate is considered a trailing economic indicator. Many ( if not most ) lenders specify this as their source of this index and set their prime rates according to the rates published in the Wall Street Journal. Because most consumer interest rates are based upon the Wall Street Journal Prime Rate, when this rate changes, most consumers can expect to see the interest rates of credit cards, auto loans and other consumer debt change. The prime rate does not change at regular intervals. It changes only when the nation 's `` largest banks '' decide on the need to raise, or lower, their `` base rate. '' The prime rate may not change for years, but it has also changed several times in a single year. Contents 1 Historical data for the WSJ prime rate 2 See also 3 References 4 External links Historical data for the WSJ prime rate 1990 - 1999 Date of Change Prime Rate 1991 2 - Jan - 91 9.50 % 1 - Feb - 91 9.00 - 9.50 5 - Feb - 91 9.00 21 - Feb - 91 8.75 - 9.00 ( BofA ) 24 - Apr - 91 9.00 1 - May - 91 8.50 13 - Sep - 91 8.00 6 - Nov - 91 7.50 23 - Dec - 91 6.50 02 - Jul - 92 6.00 % 24 - Mar - 94 6.25 % 19 - Apr - 94 6.75 18 - May - 94 7.25 16 - Aug - 94 7.75 15 - Nov - 94 8.50 1995 1 - Feb - 95 9.00 % 7 - Jul - 95 8.75 % 20 - Dec - 95 8.50 % 31 - Jan - 96 8.25 % 27 - Mar - 97 8.50 % 1998 30 - Sep - 98 8.25 % 16 - Oct - 98 8.00 % 18 - Nov - 98 7.75 % 1999 01 - Jul - 99 8.00 % 25 - Aug - 99 8.25 % 17 - Nov - 99 8.50 % 2000 - 2009 Date of Change Prime Rate 2000 03 - Feb - 00 8.75 % 22 - Mar - 00 9.00 % 17 - May - 00 9.50 % 04 - Jan - 01 9.00 % 01 - Feb - 01 8.50 % 21 - Mar - 01 8.00 % 19 - Apr - 01 7.50 % 16 - May - 01 7.00 % 28 - Jun - 01 6.75 % 22 - Aug - 01 6.50 % 18 - Sep - 01 6.00 % 03 - Oct - 01 5.50 % 07 - Nov - 01 5.00 % 12 - Dec - 01 4.75 % 2002 07 - Nov - 02 4.25 % 2003 27 - Jun - 03 4.00 % 01 - Jul - 04 4.25 % 11 - Aug - 04 4.50 % 22 - Sep - 04 4.75 % 10 - Nov - 04 5.00 % 14 - Dec - 04 5.25 % 2005 02 - Feb - 05 5.50 % 22 - Mar - 05 5.75 % 03 - May - 05 6.00 % 30 - Jun - 05 6.25 % 09 - Aug - 05 6.50 % 20 - Sep - 05 6.75 % 01 - Nov - 05 7.00 % 13 - Dec - 05 7.25 % 2006 31 - Jan - 06 7.50 % 28 - Mar - 06 7.75 % 10 - May - 06 8.00 % 29 - Jun - 06 8.25 % 2007 18 - Sept - 07 7.75 % 31 - Oct - 07 7.50 % 11 - Dec - 07 7.25 % 2008 22 - Jan - 08 6.50 % 30 - Jan - 08 6.00 % 18 - Mar - 08 5.25 % 30 - Apr - 08 5.00 % 08 - Oct - 08 4.50 % 30 - Oct - 08 4.00 % 16 - Dec - 08 3.25 % 2010 - pres Date of Change Prime Rate 2015 17 - Dec - 15 3.50 % 2016 15 - Dec - 16 3.75 % 2017 16 - Mar - 17 4.00 % 15 - Jun - 17 4.25 % 14 - Dec - 17 4.50 % 2018 22 - Mar - 18 4.75 % See also Wall Street Journal Prime rate Federal Reserve References Various editions of the Wall Street Journal External links Money Rates on the Wall Street Journal Retrieved from `` https://en.wikipedia.org/w/index.php?title=Wall_Street_Journal_prime_rate&oldid=843627138 '' Categories : Banking in the United States Financial economics Interest rates The Wall Street Journal Hidden categories : Articles needing additional references from October 2015 All articles needing additional references Talk Contents About Wikipedia Add links This page was last edited on 30 May 2018, at 11 : 15. About Wikipedia

Question: what is the wall street prime rate right now
Answer: 4.75%