Harrison Power Station. This article is part of the Coal Issues portal on SourceWatch, a project of CoalSwarm and the Center for Media and Democracy. See here for help on adding material to CoalSwarm.
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.
Current prime rate The latest prime rate as of August 12, 2016, is 3.5 percent, according to the Board of Governors of the Federal Reserve System. The Federal Open Market Committee (FOMC) had kept the federal funds rate at a target range of 0-0.25 percent for several years, effectively setting the U.S. prime rate at an average monthly rate of 3.25 percent between January 2009 and November 2015.