#LondonCalling: Not blaming Powell for not hearing the inflation story. @JosephSternberg @WSJOpinion

Photo:   A basis point (often abbreviated as bp, often pronounced as "bip" or "beep") is one hundredth of 1 percentage point. A related term permyriad means one hundredth of 1 percent. Changes of interest rates are often stated in basis points. If an interest rate of 10% increased by 1 bp, it changed to 10.01%.

#LondonCalling:  Not blaming Powell for not hearing the inflation story. @JosephSternberg @WSJOpinion

https://www.wsj.com/articles/bad-inflation-reports-raise-odds-of-surprise-0-75-percentage-point-rate-rise-this-week-11655147927?st=af4ox8nextjh55k&reflink=article_copyURL_share