The prime rate reported by the Federal Reserve is the ... according to the Federal Reserve Bank of St. Louis’ Federal Reserve ...

Inflation reached 12.7% in December 1974 and the economy entered into a recession. The prime rate was 6% in 1972 before the BoC began raising rates. It peaked at 11% in 1974–or so most people ...

Generally speaking, a higher prime rate leads to higher interest rates, making it more expensive to borrow. Your individual credit history also affects the interest rates you qualify for ...