4 ms·
Is 75 basis points correct? The actual press release appears to describe an increase from 2-1/4 percent to 2-1/2 percent, which is only 25 basis points. It says
by pdonis 4y ago
Is 75 basis points correct? The actual press release appears to describe an increase from 2-1/4 percent to 2-1/2 percent, which is only 25 basis points. It says it "anticipates that ongoing changes in the target range will be appropriate", but that's not the same as making additional changes now.
- datalopers 4y agohttps://www.newyorkfed.org/markets/reference-rates/effr https://www.newyorkfed.org/markets/reference-rates/effr It was 1.50 - 1.75 before.
- pdonis 4y agoAh, I see, the release says to 2-1/4 to 2-1/2 percent.
- alexb_ 4y agoInterest rates are not a single set percent, they are in a range IIRC. So it's going from 1.5-1.75 to 2.25-2.5, a 75 basis point increase.
- deleted 4y ago[deleted]