All of my personal and commercial loans are tied to either the WSJ prime rate or the 10-year Treasury rate, not the Fed Funds Rate.
WHO IS PAYING THOSE INTEREST RATES?
All of my personal and commercial loans are tied to either the WSJ prime rate or the 10-year Treasury rate, not the Fed Funds Rate.
...
The prime rate, as reported by The Wall Street Journal’s bank survey, is among the most widely used benchmark in setting home equity lines of credit and credit card rates. It is in turn based on the federal funds rate, which is set by the Federal Reserve.
https://www.bankrate.com/rates/interest-rates/prime-rate.aspx