Can crypto restore its credibility?

Marketplace

News, Business

4.6 • 8.5K Ratings

🗓️ 14 December 2022

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

Following the implosion of crypto exchange FTX and the arrest of its former CEO, Sam Bankman-Fried, crypto seems to be losing its mojo. Is this just a setback for crypto or is it the beginning of the end? Plus, the factors driving the inflation slowdown, a history of the Fed’s split with the Treasury, and the complicated combination of remote work and holiday family time.

Transcript

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0:00.0	Inflation, we report your desire from American public media.
0:08.5	This is Marketplace.
0:18.7	In Los Angeles, I'm Kai Rizdole.
0:20.4	It is Tuesday today, the 13th of December.
0:23.5	Good as always to have you along, everybody.
0:26.6	Okay.
0:27.6	I promised here is the reporting consumer prices in November did go up, but less than everybody
0:33.7	had been guessing.
0:35.8	Inflation is running at 7.1% year on year.
0:38.7	That is down from 7.7% at an annual clip a month ago.
0:44.3	The month on month increase was down as well.
0:46.6	A 10th percent in November compared to 4th, 10th percent in October.
0:51.4	Yes, a lot of numbers I know, but that's the way you got to talk about inflation.
0:55.5	Now, here comes the you decide part.
0:58.7	Is this the news we've all been waiting for that inflation is actually fading?
1:04.5	Marketplace is a bremenitior has more on what might be ahead.
1:08.4	Prices fell the most at the gas pump and the gas meter.
1:11.6	Gasoline prices were down 2% just in November.
1:14.9	Utility gas was down 3.5%.
1:17.0	This is compared to the month before.
1:18.8	Prices for everything else besides energy and food rose the least they have risen in
1:23.0	a month since August of 2021.
	...

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