Consumer Inflation Eases, Core Remains Hot
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 13 April 2023
⏱️ 10 minutes
🧾️ Download transcript
Summary
Our links:
Wall Street Breakfast:
Seeking Alpha's Wall Street Breakfast brings the top news to investors every morning. Released by 8:00am ET, it's all the news you need to know for your market day.
Seeking Alpha Premium:
A comprehensive set of features and analysis that helps take the guesswork out of your investing decisions. Get the bottom-line on any stock or ETF with our Premium tools.
Alpha Picks:
Alpha Picks gives you two top stock picks each month, sifted from Seeking Alpha’s analysis of thousands of stocks. We do the work. You reap the rewards.
Wall Street Breakfast on Twitter
Show links:
Crude oil jumps after Granholm says U.S. could start to refill reserve this year
Mike Fay, BlockChain Reaction: CleanSpark: Production Growth Is On Track
3M’s healthcare spinoff may not stay in Minnesota, Star Tribune reports
So long, HBO name: WBD goes for 'Max' power in merged streaming service
IBM exploring sale of its weather business - report
Broadcom slips as European agency sends 'statement of objections' over VMware deal
Tesla to cut prices in Hong Kong by nearly double digit percentages - report
US GoldMining updates terms for proposed $20M US IPO
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Welcome to Seeking Alpha's Wall Street breakfast, where we cover the top news for investors every morning. |
| 0:07.0 | Good morning, today is Thursday, April 13th, and I'm your host, Julie Morgan. |
| 0:12.0 | Consumer inflation eases in March, but core inflation is still coming in hot. |
| 0:17.4 | Today is crypto Thursday. We're hearing from our weekly contributor, Mike Fay. He is the leader of the investing group |
| 0:24.1 | blockchain reaction on Seeking Alpha and one of his topics today. |
| 0:28.2 | Stock performance in the miners has been phenomenal over the last few days. |
| 0:32.0 | Soft Bank sells most of its remaining Alibaba's stake amid a decline in its technology |
| 0:38.0 | investment, limiting its exposure to China. |
| 0:42.4 | Our top story. The government revealed that consumer prices |
| 0:45.9 | climb 5% in March compared to last year, slowing from an annual pace of 6% |
| 0:51.5 | seen in February. The result also came in below the figure predicted by economists. |
| 0:57.0 | On a month over month basis, the Consumer Price Index ticked up 0.1 percent again less than expected. |
| 1:04.0 | However, core CPI, which excludes food and energy prices, |
| 1:08.0 | match projections with a 5.6 percent annual increase. |
| 1:12.0 | The inflation report initially prompted a way 0.6% annual increase. |
| 1:12.6 | The inflation report initially prompted a wave of buying, but investors lost conviction |
| 1:17.7 | early in the day. |
| 1:19.2 | Daniel Jones is a seeking alpha contributor. |
| 1:21.6 | He said it seems that once the data was digested, the negative came out. |
| 1:26.3 | This negative revolves around the idea that a decline in prices that is too rapid could |
| 1:31.4 | cause a hard landing for the economy as opposed to a soft |
| 1:35.2 | landing that the Federal Reserve is pushing for. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Seeking Alpha, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Seeking Alpha and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.