Major US banks raise prime lending rate from 6.75% to 7%

智通财经2026/09/16 20:11

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According to foreign media reports, after the Federal Reserve raised interest rates, major U.S. banks increased their prime lending rates. This move will drive up borrowing costs for consumers and businesses. JPMorgan, KeyCorp, and Bank of New York Mellon have all raised their prime lending rates from 6.75% to 7%, with the new rates taking effect from Thursday local time. The prime lending rate usually follows changes in the federal funds rate and serves as an important benchmark when U.S. banks set rates for credit cards, personal loans, and various other financial products.

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On September 16, the Federal Reserve announced a 25 basis-point interest rate hike, raising the target range for the federal funds rate to 3.75%–4.00%, with unanimous approval from all 12 votes. Compared to the July statement, this statement removed the specific mention of the "Middle East conflict," replacing it with "developments in geopolitical situations." It also added the phrase "domestic spending remains resilient," and simplified the language regarding inflation to "remains elevated." Overall, the communication style continues the minimalist approach of the new Chairman Walsh.

华尔街见闻•2026/09/16 20:16