People are always interested in the national and, increasingly, the world economy. This is especially true in the midst of a recession such as the one we're currently experiencing, searching for clues as to how long the downturn will last, when we may turn the corner and how long we can expect a recovery to take.
One of the economic indicators which is of particular interest to those keeping an eye on the economy is the Wall Street Journal Prime Rate; a figure which measures the rate of interest assessed by banks and other financial institutions when lending to their best customers. It's essentially a best case scenario snapshot of current interest rates.
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In order to keep apprised of the current prime rate, many choose to purchase a WSJ subscription to catch the latest WSJ Prime Rate on a daily basis. The Wall Street Journal is well known as the leading source of financial news for US readers, covering both national and international business as well as having a world class staff of journalists and editors who cover the events of the day. Markets are driven by people after all, not mathematical abstracts and current world events always have an impact on the global economy.
The Wall Street Journal Prime Rate figure is compiled daily by the staff of the Wall Street Journal through a survey of the thirty largest banks; the rate published by the Journal changes once a change in the prime rate is seen by at least 23 of these banks, at which point a new average is calculated and printed in the next day's edition of the WSJ. A WSJ subscription is the best way to keep up on the changes in prime rates; an important indicator of which way the economic winds are blowing and information that no business owner or serious investor would want to do without.
You can learn a lot more from the Wall Street Journal than simply what the current Wall Street Journal Prime Rate happens to be; this is a newspaper which is packed with the latest news from the worlds of business and finance as well as US and world news, technology and pop culture - content which has made the Wall Street Journal the only major US newspaper to actually see its circulation increase over the last year.
Whether you're a business owner, a casual investor or a serious player in the finance sector, a WSJ subscription is the tool you need to keep abreast of the latest news and developments which affect not only the global and national economy, but your own personal economic well being and the world events which shape the movements of the markets.
From the Wall Street Journal Prime Rate to the headlines you need on business, the stocks, bonds and commodities markets, science and technology and the important national and international events which affect the world of finance on every level, the WSJ is essential reading.
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