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/biz/ - Business & Finance

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50560243 No.50560243 [Reply] [Original]

>75bps
>pee pee poo poo

>> No.50560456

>>50560243
100 bps is the minimum

>> No.50562278

>>50560456
1000bps wen

>> No.50562322

>>50562278
More like 4000. I don't see this shit turning around unless jpow just rips the bandaid off.

>> No.50562374
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50562374

>>50560243
>>50560456
>>50562278
>>50562322
Sorry if this seems like im retarded but i am. Can you explain bps to me? Im financially illiterate so new terms crop up and i dunno what you're talking about

>> No.50562561

>>50562374
bps or BPS stands for Boring Percentage Status, named after former fed chair Herman Boring. Its a number the fed uses economic data to calculate each month that suggests how likely are we going to be in a recession. We’ve been getting close with 75 bps or 75% likely at the last meeting. Some say we might hit 100 at this one

>> No.50562597
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50562597

>>50562561
Thanks king

>> No.50562648
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50562648

>>50562374
1bp, or base point, is like a percent of a percent. That is, a 100bp rate raise would be 1.5% to 2.5% Fed funds rate.

>> No.50562679

>>50562597
Nah Im just fucking with you lmao, its “basis points”. 75 bps is 0.75%. They are talking how much the fed will raise the fed funds rate at the FOMC. Look up these terms, interesting stuff, there was a big dump after the last FOMC. Some say 75 bps is priced in, but theres a chance they go for 100

>> No.50562707
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50562707

>>50562648
>>50562679
Thanks but i dont believe anything now. Im too lazy to google it.

>> No.50562741

>>50562707
Habeeb it.

>> No.50562794

>>50560243
No Jerome!

>> No.50562802

>>50562707
>>50562374
Basis points. 1 bp = 0.01%.
When people use it they are usually talking about the federal reserve raising interest rates on the money it loans to the banks and federal government. Rate go up = less inflation but enter recession. Rate go down = more inflation but economic boom. Runaway Bidenflation means we need high interest rates to put his moronic shenanigans to rest. This, in turn, means that we're in a recession despite the Whitehouse trying to change the definition.

>> No.50562821

>>50562802
k

>> No.50563126
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50563126

>>50560243
What's the best way to scoop up a house in this upcoming crash? Watch for foreclosures and take it from the family?