The Fed cut the rate a full percentage point to 3 percent.

美联储把利率降低整整一个百分点，到3百分之三。

A basis point is 0.01 percentage point.

一个基点等于0.01个百分点。

A 100 basis points is equal to a percentage point.

100基点等同于1个百分点。

But it is now around a quarter of a percentage point below its peak.

但目前，该数字约比高点低四分之一个百分点左右。

That's an increase from the 0.48 percentage point spread on January 4.

这是继1月4日的0.48个百分点之上的进一步扩大。