Have We Passed Peak Inflation?

The Breakdown

Blockworks

Investing, Business

4.8 • 786 Ratings

🗓️ 11 August 2022

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

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Summary

This episode is sponsored by Nexo.io, Chainalysis, FTX US and NEAR. The biggest driver of the macroeconomic backdrop is inflation. At the last FOMC meeting, the Federal Reserve made it clear that its fall decisions about interest-rate increases would be driven by data – most notably inflation data. On today’s show, NLW looks at the just-released July inflation stats and why they’re the first positive inflation surprise we’ve had in more than a year. - Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at nexo.io. - Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com. - FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today. - NEAR is a simple, revolutionary Web3 platform for decentralized apps, created by developers for developers. More than 700 projects are now building on NEAR’s fast, secure and infinitely scalable protocol, from DeFi apps to play-and-earn games, NFT marketplaces and more. Start your developer journey now by visiting NEAR at near.org. - I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register: coindesk.com/ideas - “The Breakdown” is written, produced by and features Nathaniel Whittemore, aka NLW, with editing by Rob Mitchell and Eleanor Pahl. Research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “The Now” by Aaron Sprinkle. Image credit: z_wei/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

Transcript

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0:00.0	Welcome back to The Breakdown with me, NLW.
0:09.2	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
0:14.8	The breakdown is sponsored by nexo.io, chain aliasis, and FtX, and produced and distributed by CoinDesk.
0:22.8	What's going on, guys? It is Wednesday, August 10th, and today we are talking about inflation.
0:28.7	Before we get into that, however, if you are enjoying the breakdown, please go subscribe to it,
0:33.1	give it a rating, give it a review, or if you want to dig deeper into the conversation,
0:36.9	come join us on
0:37.5	the Breakers Discord. You can find a link in the show notes or go to bit.ly slash breakdown pod.
0:43.0	Also a disclosure, as always, in addition to them being a sponsor of the show, I also work with
0:47.0	FtX. And finally, this week, I am thrilled to welcome NIR as an additional sponsor.
0:52.7	NIR is a revolutionary yet simple Web3 platform for building decentralized apps.
0:57.3	Designed by developers for developers, over 700 projects are now building on NIR's fast,
1:02.3	secure, and scalable protocol.
1:04.3	Whether you're a crypto-native launching defy apps, NFT marketplaces, or play and earn
1:08.5	games, or looking to migrate your project from Web 2,
1:11.7	NIR makes it easy to build Web 3 for the masses.
1:14.8	NIR offers developers a variety of tools, resources, and support for building apps,
1:19.3	empowering communities, and creating a more fair, inclusive, and equitable future.
1:23.3	Start your Web3 developer journey now by visiting NIR at neer.org.
1:28.2	All right, it is CPI Day Baby.
1:32.3	Yesterday, we set the frame of this inflation print a little bit, but the quick TLDR is that
1:37.3	at the last FOMC meeting, the Federal Reserve ended or at least paused forward guidance.
	...

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