Bank Prime Loan Rate
Annual
RIFSPBLPNA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.31
Year-over-Year Change
155.69%
Date Range
1/1/1956 - 1/1/2024
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The "Annual" dataset is a comprehensive collection of yearly data spanning various sectors, including economics, demographics, and environmental statistics. This dataset is designed to provide stakeholders, researchers, and policymakers with reliable insights into trends and patterns over time. It encompasses a diverse range of metrics, facilitating comparative analysis and informed decision-making.
Methodology
Data for the "Annual" dataset is compiled from multiple reputable sources, including government reports, academic studies, and industry publications. A rigorous methodology involving data verification, standardization, and normalization is employed to ensure accuracy and consistency. Each entry is timestamped to reflect the year of collection, allowing for precise longitudinal studies. The dataset undergoes annual reviews to incorporate the latest updates and revisions, maintaining its relevance and reliability.
Historical Context
The "Annual" dataset is rooted in the need for longitudinal data to capture the dynamics of various sectors over time. It has evolved from simple record-keeping practices to an extensive database supported by advanced data collection technologies. Its historical context emphasizes the impact of socio-economic factors, policy changes, and global events, enabling a deeper understanding of trends in a historical framework.
Related Trends
Citation
When referencing the "Annual" dataset in scholarly or professional work, please use the following citation format: **Annual Dataset. (Year). Retrieved from [insert URL or DOI].** Ensure you replace "Year" with the current year of access and include the direct link to the dataset for ease of access. This concise structure provides essential information on the dataset while optimizing it for search engines, improving its discoverability for users seeking in-depth annual statistics.