JPMorgan raises prime rate after Fed’s interest rate move -Breaking
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© Reuters. FILE PHOTO: A view of the outside of the JP Morgan Chase & Co. company headquarters in New York Metropolis Could 20, 2015. REUTERS/Mike Segar(Reuters) – JPMorgan Chase & Co (NYSE:) stated on Wednesday it will elevate its prime fee by 50 foundation factors to 4%, efficient Thursday.
The choice comes after the U.S. Federal Reserve raised its in a single day rate of interest by half a proportion level, the largest leap in 22 years.
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