“The first 100 basis points generally is part of the cost-benefit we absorb for everything we do, and that’s been missing the last couple of years.”

.@RaymondJames CEO Paul Reilly on Fed interest rate hikes: “The first 100 basis points generally is part of the cost-benefit we absorb for everything we do, and that’s been missing the last couple of years.” Full comments: pic.twitter.com/cm0sCpEsyD

— Yahoo Finance (@YahooFinance) April 28, 2022