BREAKDOWN: The Banking System Broke; Will That Force a Fed Pivot?
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 14 March 2023
⏱️ 17 minutes
🧾️ Download transcript
Summary
After CPI inflation data came in as expected, the market is betting on a 25 basis point rate hike.
At this point, markets are racing to figure out what they believe the recent spate of U.S. bank failures means for monetary policy. Will the Federal Reserve stay the course? Will it be forced to pivot on raising interest rates? NLW brings you the debate as well as how the latest CPI inflation data affects the discussion.
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“The Breakdown” is written, produced and narrated by Nathaniel Whittemore aka NLW, with today's editing by Jonas Huck, research by Scott Hill and additional production assistance by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsor today is “Foothill Blvd” by Sam Barsh. Image credit: Nuthawut Somsuk / Getty Images, modified by CoinDesk.
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Transcript
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| 0:43.9 | Wondery UK. That's audible.com slash Wondery UK. |
| 0:53.9 | Welcome back to The Breakdown with me, NLW. |
| 0:59.0 | It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. |
| 1:05.1 | The breakdown is produced and distributed by CoinDess. |
| 1:09.7 | What's going on, guys? |
| 1:15.6 | It is Tuesday, March 14th, and today we are asking whether the breakdown in the banking system will force the Fed to pivot. |
| 1:17.9 | Before we get into that, however, if you are enjoying the breakdown, please go subscribe |
| 1:20.8 | to it, give it a rating, give it a review, or if you want to dive deeper into the conversation, |
| 1:24.6 | come join us in the Breakers Discord. |
| 1:26.3 | You can find a link in the show notes or go |
| 1:27.5 | to bit.ly slash breakdown pod. All right guys, it continues to be interesting times and today was |
| 1:33.8 | supposed to be the big financial event of the week with the CPI report. So let's pick up the |
| 1:39.2 | story from where we left off yesterday and see if the CPI report actually had as much significance as it might |
... |
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