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Todayâs Prime Rate. The prime rate today is 3.25%. This prime rate has been in effect since the Fed Funds rate was lowered to 0%-0.25% back in December of 2008. So, 0.25% + 3% = 3.25% (todayâs prime rate). This is the longest period of prime rate stability in history.
It should not be confused with the federal funds rate set by the Federal Reserve, though these two rates often move in tandem. The current rate is 3.25% (as of 11/25/2014). The print edition of the WSJ is generally the official source of the prime rate.The Wall Street Journal prime rate is considered a trailing economic indicator.t should not be confused with the federal funds rate set by the Federal Reserve, though these two rates often move in tandem. The current rate is 3.25% (as of 11/25/2014). The print edition of the WSJ is generally the official source of the prime rate.