XPost: sac.politics, alt.california, ca.politics   
   XPost: ny.politics, nyc.politics   
   From: Intelligent@savetheworldmsn.com   
      
   On 10/1/2020 11:12 AM, Intelligent Party wrote:   
   > Bring credit card interest rates down to stimulate the economy...   
   >   
   > Make the max credit card interest rate  "Prime + 5% "   
   >   
   > This would presently be 3% (Prime) + 5% = 8%   
   >   
   > The Prime rate presently is 5%, which equals the Federal Funds rate + 3%   
      
      
   Should say:   
   "The Prime rate presently is 3%, which equals the Federal Funds rate + 3%."   
      
      
   Yet Prime is 3.25%:   
   https://institute.jpmorganchase.com/about/our-business/historical-prime-rate   
      
    > The Federal Funds rate presently is 0%   
      
   And the Federal Funds is 0%-.25%:   
   https://apps.newyorkfed.org/markets/autorates/fed%20funds   
      
   --- SoupGate-DOS v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)