SNAP - Wall Street Breakfast: 75 Basis Points
Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. 75 basis points Happy Earth Day! Check out original Seeking Alpha show The Weekend Bite! This week we discuss investing in the Earth through REITs, solar panels and long-duration energy storage. With Alex Snyder, Portfolio Manager at CenterSquare Capital Management, and Jonas Wallmander, CEO of Azelio.Seventy-five basis points is the new 50 basis points. A relentlessly hawkish Federal Reserve is ramping up market expectations for big interest rate hikes that would have been considered unthinkable (and market crippling) just two months ago.Nomura says today that the FOMC will hike the fed funds rate by 75 basis points in June and July after a 50-basis point rise in May. That would bring the rate up to 2.25%, a phenomenal amount of tightening given that the Fed was
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Wall Street Breakfast: 75 Basis Points