Prime rates edge up on heels of Fed benchmark hike
Rates increased 25 basis points to 3.5%
Prime rates at the nation’s largest banks with auto lending arms increased today following the Federal Reserve’s announcement Wednesday that the central bank would increase its benchmark interest rate 25 basis points (bps) to a target range of 0.25% to 0.50%. Bank of America, Fifth Third, JPMorgan Chase, PNC Financial, Truist Bank and Wells Fargo […]
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