Features. As pine tree needles decompose, they return acid to the soil. Over time, this acid can cause the pH rating to drop. Because of this, pine needle mulch is a good mulch to add around plants that like acidic soil such as pine trees as well as blueberries or azaleas.
The Current U.S. (Fed) Prime Rate is: 4.00%. March 15, 2017: The FOMC has voted to raise the. target range for the fed funds rate to 0.75% - 1.00%. Therefore, the United States Prime Rate is now 4.00%, effective tomorrow (March 16, 2017.) The next FOMC meeting and decision on short-term rates.
Spread between PRIME and LIBOR. The Prime Lending Rate tends to be 2.5% to 3.5% higher than the LIBOR rate and 2.8% to 4.0% higher than the 91-day T-Bill. For example, the 3 month LIBOR for July 1, 2005 through September 30, 2005 was 3.38%, while the Prime Lending rate was 6.00%.