4 ms·
It would have been better to spell out "basis points" in the title, but the term is not at all obscure -- it's very widely used in the finance sector.
by AdamH12113 3y ago
It would have been better to spell out "basis points" in the title, but the term is not at all obscure -- it's very widely used in the finance sector.
- ginko 3y agoThis is a tech forum, not a finance forum though. The original article doesn't even use bps. It just says "In support of these goals, the Committee decided to raise the target range for the federal funds rate to 5-1/4 to 5-1/2 percent" The title could have just said "Fed raises rate from 5.25 to 5.50". That'd contained a lot more information.
- signatoremo 3y agoThis is not a tech forum. I bet the tech posts are less than 50%. How many times have you seen a post when the submitted article was scorned for not using accurate terminologies?
- marfil 3y agoMy guy, the forum is called "Hacker News", it can hardly be any more techy than it already is.
- signatoremo 3y agoSo it’s a tech forum because of the name? Can you count the number of non tech posts on the front page? Also, there is indeed high concentration of tech and science people, which love to scrutinize posts for inaccurate use of terminology or units. Yet you want to lower the standard when it comes to finance news?