Schwab CEO Sees 25 Basis Points as Appropriate Metric for Fed Policy
Omar Aguilar of Schwab Asset Management says the U.S. Federal Reserve pausing rate hikes until December is unrealistic, emphasizing 25 basis points as the more suitable measure.
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Terms & Concepts
Basis Points: A unit of measure used in finance to describe interest rates or yields, where one basis point equals 0.01%.
Federal Reserve Pause: A period when the U.S. central bank halts changes to its benchmark interest rate, maintaining current levels.
Schwab Asset Management: An investment management firm under Charles Schwab Corporation, offering a range of financial products and services.