quarter point

noun

1. the fourth part of the distance between any two adjacent points of the 32 marked on a compass, being 2° 48′ 45″.

Word History and Origins

Origin of quarter point¹

First recorded in 1720–30

Example Sentences

The Fed voted to cut rates by a quarter point in October.

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The Fed voted 10-2 to cut rates by a quarter point last month to a range between 3.75% and 4%.

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Traders now see next month’s decision as a coin flip, after pricing in odds of a quarter point reduction at around 95% as recently as mid-October, according to the CME Group’s FedWatch.

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Despite the reluctance of Collins and some others on the Fed’s policy committee to commit to further cuts, traders still see a roughly 2-in-3 probability that the central bank will bring rates another quarter point lower when its next meeting wraps up on Dec. 10.

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Investors focused on the Federal Reserve’s midweek policy decision to cut interest rates by a quarter point — and on the chances of no further rate reduction in December — may be overlooking another critical development set to occur in the final month of this year.

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