'Ugly' inflation report could put Fed rate hike of 75-basis points on the table

[Saltwater60]

Hey what could go wrong? I’m guessing my 1.9% interest rate on my incoming car will end.

'Ugly' inflation report could put Fed rate hike of 75-basis points on the table | Fox Business

The Federal Reserve may lift interest rates by 75-basis points in June or July following the hotter-than-expected inflation report released on Friday as it seeks to cool prices.

www.foxbusiness.com

 

[TEOTWAWKI inc.]

Federal Reserve should not exist.

 

[99cummins]

What does “75 base points” mean? They say it about 27 times in the article but I don’t know what it means. Can somebody explain it like I’m a 6 year old?

 

[SonOfSun]

What does “75 base points” mean? They say it about 27 times in the article but I don’t know what it means. Can somebody explain it like I’m a 6 year old?

a basis point is one one-hundredth of a percent. or 0.01% per basis point.

 

[Saltwater60]

What does “75 base points” mean? They say it about 27 times in the article but I don’t know what it means. Can somebody explain it like I’m a 6 year old?

So basically a 0.75% rate hike and that’s huge.

 

[tirwin1]

So basically a 0.75% rate hike and that’s huge.

And it's just a start. Inflation shows no sign of peaking anytime soon. Riots in the streets anyone?

 

[Catskillkid]

And it's just a start. Inflation shows no sign of peaking anytime soon. Riots in the streets anyone?

They've been going on since this time in 2020. Did they ever really stop?

 

[tirwin1]

They've been going on since this time in 2020. Did they ever really stop?

There haven't been very many since biden was elected and they were over "social justice ". These will be food riots.

 

[Defilade]

All good says Brandon!

 

[99cummins]

All good says Brandon!

best economic recovery ever…

 

[Acer-m14]

 

[spat]

So basically a 0.75% rate hike and that’s huge.

That won't be the direct cause.

Now? Food shortages OTOH....