.comment-link {margin-left:.6em;}

Prime Rate

also known as the Fed, National, U.S. and WSJ Prime Rate,
from the interest rate specialists at FedPrimeRate.comTM

Tuesday, March 22, 2005

Prime Rate Goes Up Today: The Wall Street Journal Prime Rate Is Bumped Up By 25 Basis Points

Prime rate hike confirmed: The Wall Street Journal Prime Rate went up by 0.25 percentage points today, and is now 5.75%. The Fed Funds Rate was raised to 2.75%. What did The Fed* have to say about today's rate increase? Here you go:

The Federal Open Market Committee decided today to raise its target for the federal funds rate by 25 basis points to 2-3/4 percent.

The Committee believes that, even after this action, the stance of monetary policy remains accommodative and, coupled with robust underlying growth in productivity, is providing ongoing support to economic activity. Output evidently continues to grow at a solid pace despite the rise in energy prices, and labor market conditions continue to improve gradually. Though longer-term inflation expectations remain well contained, pressures on inflation have picked up in recent months and pricing power is more evident. The rise in energy prices, however, has not notably fed through to core consumer prices.

The Committee perceives that, with appropriate monetary policy action, the upside and downside risks to the attainment of both sustainable growth and price stability should be kept roughly equal. With underlying inflation expected to be contained, the Committee believes that policy accommodation can be removed at a pace that is likely to be measured. Nonetheless, the Committee will respond to changes in economic prospects as needed to fulfill its obligation to maintain price stability.

Click here for a comprehensive history of The Wall Street Journal Prime Rate.

>  SITEMAP  <


Zero Percent Intro APR Balance Transfer Credit Cards



Entire WebLog (Blog) © 2010 FedPrimeRate.comSM


This website is not owned by or affiliated with The Wall Street Journal® or Dow Jones & Company.
Information in this website is provided for educational purposes only. The Prime Rate probabilities
and predictions posted in this blog are not financial recommendations or professional advice, and
should not be interpreted as such. The owners of this website make no warranties with respect to any
and all content contained within this website. Consult a financial professional before making important
decisions related to any investment or loan product, including, but not limited to, business loans,
personal loans, education loans, first or second mortgages, credit cards and car loans.