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GOBankingRates on MSNWhat Is the Federal Funds Rate? See the Current Rate, How It’s Determined and Historical RatesThe prime rate reported by the Federal Reserve ... stable prices and moderate interest rates. Historic Federal Interest Rates ...
Inflation reached 12.7% in December 1974 and the economy entered into a recession. The prime rate was 6% in 1972 before the BoC began raising rates. It peaked at 11% in 1974–or so most people ...
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