It is not the best rate offered by banks.
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The week s best and worst from kim strassel kyle peterson allysia finley and dan henninger.
The initials stand for the wall street journal which surveys large banks and publishes the consensus prime rate.
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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.
Dow jones a news corp company news corp is a network of leading companies in the worlds of diversified media news education and information services.
The wall street journal prime rate wsj prime rate is a measure of the u s.
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From small to large public to private the journal offers a customized engagement plan providing all the tools needed to get the most out of the partnership.
The federal reserve takes a leap into the monetary unknown.