BREAKDOWN: Will Negative Inflation Prompt a Shift in Fed Policy?

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4.7 • 698 Ratings

🗓️ 12 January 2023

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

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Summary

Month-over-month inflation was -0.1%, its first decrease in more than two years. On today’s episode, NLW digs into December’s just-released CPI numbers. For the sixth month in a row, year-over-year inflation declined. For the first time in more than two years, month-over-month inflation declined. For many, this confirms a Federal Reserve shift back to raising rates by 25 basis points at the FOMC’s next meeting at the end of this month. - Join the most important conversation in crypto and Web3 at Consensus 2023, happening April 26–28 in Austin, Texas. Come and immerse yourself in all that Web3, crypto, blockchain and the metaverse have to offer. Use code BREAKDOWN to get 15% off your pass. Visit consensus.coindesk.com. - “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsor today is “Swoon” by Falls. Image credit: Nuthawut Somsuk/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:45.6	That's audible.com slash Wondery UK.
0:53.8	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.
1:04.9	The breakdown is produced and distributed by CoinDesk.
1:10.1	What's going on, guys?
1:11.2	It is Thursday, January 12th, and today we are talking inflation.
1:16.3	For the sixth month in a row, headline inflation has gone down.
1:20.9	Before we get into that, however, if you are enjoying the breakdown, please go subscribe
1:24.1	to it, give it a rating, give it a review, or if you want to dive deeper into the conversation, come join us on the Breakers Discord. You can find a link in the show notes,
1:30.8	or go to bit.ly slash breakdown pod. All right, friends, we are in the macro side of the house
1:37.5	today because today is inflation day. The first Thursday in a new month is when we get the
1:43.4	official inflation data from the
1:45.0	month previously, and this one has definitely felt a little more significant than some in the
	...

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