Michael DiPrima Co-Head on Muck Rack

Michael DiPrima Co-Head

As seen in: HospitalityNet
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Fed’s 50-Bps Rate Cut Sparks Optimism in Real Estate Market

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By Michael DiPrima, Michael DiPrima Co-Head
| HospitalityNet
The Fed recently gave us a surprise similar to the one my grandfather used to give my father. My father recently recounted to my son how his grandfather would give him a quarter and a Dr. Pepper each time he saw him. Occasionally, he would surprise him with a half dollar instead, and my father would be thrilled. In a similar vein, the Fed recently delivered a 50-bps rate cut, exceeding our expectations of just a quarter.
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