What Is Prime Rate Today 2024 Now. A federal reserve policy meeting this week is widely expected to see officials cut interest rates. The prime rate in canada today, november 7, 2024, is currently 5.95%.
As of may 20, 2024, the current prime rate is 8.50%, according to the wall street journal’s money rates table. For instance, if the fed funds rate is 5%, roughly where it was throughout 2024, a lender might calculate its prime rate as 8%:
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