The Federal Reserve made a big bet on interest rates last week - at least as far as banks are concerned.

The central bank is wagering that its cuts in short-term rates, and the ensuing reductions in the prime rate, will jump-start the economy by igniting borrowing.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.