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| Subject:
prime interest rate
Category: Business and Money Asked by: luckydog1-ga List Price: $2.00 |
Posted:
01 Dec 2004 19:24 PST
Expires: 31 Dec 2004 19:24 PST Question ID: 436912 |
what do the eperts say about how often and how much the Feds will raise the prime rate in the next 6 months? |
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| Subject:
Re: prime interest rate
From: samfrodo-ga on 07 Dec 2004 06:20 PST |
The Fed does not set the prime rate. The Fed sets the Federal Funds Rate = Rates banks charge each other overnight http://www.forecasts.org/ffund.htm The Fed also set the Discount Rate = Rates Fed charges Banks for direct loans http://www.forecasts.org/disc.htm Although, the Feds actions usually cause changes in the Prime Rate that Banks charge their best customers http://www.forecasts.org/prime.htm |
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