The June FOMC meeting may be remembered less for holding rates steady and more for Kevin Warsh’s overhaul of how the Fed communicates policy. This week on the Basis Points podcast, Kevin Flanagan discusses what a Warsh-led Fed could mean for forward guidance, balance sheet policy and the future path of rates.

Basis point: 1/100th of 1 percent.

Learn more: https://www.wisdomtree.com/us/insights/podcasts/basis-points-podcasts

Please see the WisdomTree Glossary for additional definitions of terms and/or indexes: https://www.wisdomtree.com/us/insights/glossary

The Fed remained on hold at yesterday's FOMC meeting, but the policy backdrop is becoming more complicated. This week on Basis Points, Kevin Flanagan analyzes how rising price pressures, improving hiring trends and a new Fed Chair are reshaping expectations for the path of interest rates.

Basis point: 1/100th of 1 percent.

Learn more: https://www.wisdomtree.com/us/insights/podcasts/basis-points-podcasts

Please see the WisdomTree Glossary for additional definitions of terms and/or indexes: https://www.wisdomtree.com/us/insights/glossary

Private credit is often discussed as a single asset class, but the opportunity set extends far beyond direct lending. This week on the Basis Points podcast, Kevin Flanagan is joined by Chris Acito, CEO of Gapstow Capital Partners, to explore why diversification across multiple credit sectors and a clear understanding of liquidity can help investors build more resilient income-focused portfolios.

Basis point: 1/100th of 1 percent.

BDC = Business Development Company

GSC = Government-sponsored enterprises

“Glacy” refers to the Gapstow Private Credit and Alternative Income Index

Learn more: https://www.wisdomtree.com/investments/multimedia/basis-points-podcasts#Listen%20now

Please see the WisdomTree Glossary for additional definitions of terms and/or indexes: https://www.wisdomtree.com/investments/glossary

The 10-year Treasury yield has repeatedly snapped back into a 4.0%–4.5% range despite bouts of market volatility. This week on the Basis Points podcast, Kevin Flanagan analyzes why speculation around Treasury Secretary Bessent capping long-term yields may be overstated, and why employment, inflation, and Treasury supply remain the real drivers.

Inflation fears are back, with Treasury yields climbing sharply and markets now pricing in a potential Fed rate hike by 2027. This week on the Basis Points podcast, Kevin Flanagan explains why the “inflation trade” has taken hold and makes the case for Treasury Floating Rate Notes as a key defense in today’s bond market.

Basis point: 1/100th of 1 percent.

Learn more: https://www.wisdomtree.com/investments/multimedia/basis-points-podcasts#Listen%20now

Please see the WisdomTree Glossary for additional definitions of terms and/or indexes: https://www.wisdomtree.com/investments/glossary

Nearly half of the Bloomberg U.S. Aggregate Bond Index is now made up of Treasuries, a dramatic shift from just 22% in 2002. This week on the Basis Points podcast, Kevin Flanagan explains why rising deficits are reshaping core bond exposures and how investors may seek a more balanced approach through WisdomTree Yield Enhanced U.S. Aggregate Bond Fund (AGGY).

Basis point: 1/100th of 1 percent.

Learn more: https://www.wisdomtree.com/investments/multimedia/basis-points-podcasts#Listen%20now

Please see the WisdomTree Glossary for additional definitions of terms and/or indexes: https://www.wisdomtree.com/investments/glossary

Four Fed officials dissented in April—the most since 1992—signaling growing division on rate policy. This week on the Basis Points podcast, Kevin Flanagan explains how this shift, alongside Powell staying on, may, or may not, impact future monetary policy decisions.

Basis point: 1/100th of 1 percent.

Learn more: https://www.wisdomtree.com/investments/multimedia/basis-points-podcasts#Listen%20now

Please see the WisdomTree Glossary for additional definitions of terms and/or indexes: https://www.wisdomtree.com/investments/glossary

At the April FOMC meeting, the Fed held rates steady for a third consecutive time, but uncertainty is only building. This week on the Basis Points podcast, Kevin Flanagan explains why a data-dependent Fed and a likely shift to a Warsh-led regime could signal the easing cycle is nearing its end.

Basis point: 1/100th of 1 percent.

Learn more: https://www.wisdomtree.com/investments/multimedia/basis-points-podcasts#Listen%20now

Please see the WisdomTree Glossary for additional definitions of terms and/or indexes: https://www.wisdomtree.com/investments/glossary

March CPI surged +0.9%, its largest monthly jump since 2022, driven by the sharpest gasoline price increase since 1967. This week on the Basis Points podcast, Kevin Flanagan explains why the Fed may look through this energy-driven spike, even as inflation risks complicate the path for rate cuts.

Basis point: 1/100th of 1 percent.

Learn more: https://www.wisdomtree.com/investments/multimedia/basis-points-podcasts#Listen%20now

Please see the WisdomTree Glossary for additional definitions of terms and/or indexes: https://www.wisdomtree.com/investments/glossary

Treasury yields have surged despite geopolitical tensions, challenging their traditional safe-haven role amid rising inflation fears. This week on the Basis Points podcast, Kevin Flanagan explains why Treasury floating rate notes (FRNs) may offer a more resilient way to navigate rate volatility and shifting market dynamics.

Basis point: 1/100th of 1 percent.

Learn more: https://www.wisdomtree.com/investments/multimedia/basis-points-podcasts#Listen%20now

Please see the WisdomTree Glossary for additional definitions of terms and/or indexes: https://www.wisdomtree.com/investments/glossary