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The WSJ (Wall Street Journal) Prime Rate is a
prime rate
index that is recognized around the world. It
is one of many indexes but the significant way the
WSJ Prime Rate differs from the others is its
update frequency. Rather than changing regularly,
the WSJ Prime Rate only changes when the results
of a Wall Street Journal study show that 23 of the
30 largest banks in the nation have changed their
rates. The WSJ prime rate can increase or decrease
and the direction it moves typically coincides
with the decisions that are made by the
Federal Reserve Board.
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