Does inflation cause rise in prime interest rate?
Prime rate is the interest rate charged by banks to their highest creditworthy customers, which are typically institutions with high stability. Changes are typically made when the Federal Reserve changes their Fed Funds Target Rate. Inflation is caused by a growth in the money supply times its velocity. Prime rates will go up when the Fed increases its target rate to combat inflation. They are typically late to do so. Ryan Puplava, CMTx104 Technical Analyst, Senior Trading Manager ryan@puplava. com. (888) 486-3939 Toll Free (858) 487-3939 Tel (858) 487-3969 Fax Post Office Box 503147 San Diego, CA 92150-3147 10809 Thornmint Road 2nd Floor San Diego, CA 92127-2403 www. These instructions may only be received and acted upon in real time. At PFS Group, we are committed to providing exceptional asset management and educational resources that help investors build, maintain and preserve their wealth. PFS GROUP: THREE COMPANIES SHARING THE SAME VISION Puplava Financial Services, Inc Registere
