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265
👿💰🌎 JUST IN: Federal Reserve Raises Interest Rates by 75 Basis Points – AGAIN 👿💰🌎 (www.thegatewaypundit.com) 🤡 Clown Fed World 🌎
posted 2 years ago by MAGA_Patriot_1776 2 years ago by MAGA_Patriot_1776 +265 / -0
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▲ 10 ▼
– Weneverleft 10 points 2 years ago +10 / -0

What's a basis point?

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▲ 14 ▼
– MAGA_Patriot_1776 [S] 14 points 2 years ago +14 / -0

Basically a hundredth of a percentage point. If they raise the rate 0.75%, that is 75 basis points.

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▲ 7 ▼
– WeAreThePlan 7 points 2 years ago +7 / -0

Thanks for that from me too.

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▲ 5 ▼
– MAGA_Patriot_1776 [S] 5 points 2 years ago +5 / -0

You are welcome. We are here to help each other out however we can.

u/#wwg1wga

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▲ 3 ▼
– Weneverleft 3 points 2 years ago +3 / -0

Thanks, I Google it . Just not familiar lingo.

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▲ 2 ▼
– SassyLass 2 points 2 years ago +2 / -0

I’m gonna have to look up “basis points” …

Cause I’m a dork? Financial dork that is …

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▲ 2 ▼
– MAGA_Patriot_1776 [S] 2 points 2 years ago +2 / -0

Ok, but I want a full report when you're done. 😁

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▲ 2 ▼
– SassyLass 2 points 2 years ago +2 / -0

✌️😂🤪 - this could break my brain housing unit, but I will!

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▲ 1 ▼
– SassyLass 1 point 2 years ago +1 / -0

“The word basis in the term basis point comes from the base move between two percentages, or the spread between two interest rates.” https://www.investopedia.com/terms/b/basispoint.asp

So if base points are lowering (interest rates are lowering?) isn’t that at a good thing?

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... continue reading thread?

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