Inflation Drops Most In 2 Years, but Not Everyone Is Buying It

The Breakdown

Blockworks

Investing, Business

4.8 • 786 Ratings

🗓️ 13 April 2023

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

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Summary

Inflation came in at an annualized 5% this month, beating economists’ expectations and dropping to its lowest level in two years. That’s good, right? Well, hold your horses, say some analysts. Services inflation remains sticky, and with recent production cuts from OPEC+ and an end to tapping U.S. Strategic Petroleum Reserves, energy prices could come back up during the U.S. summer high season. Enjoying this content? SUBSCRIBE to the Podcast Apple: https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb Spotify: https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ Google: https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M= Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW - “The Breakdown” is written, produced and narrated by Nathaniel Whittemore aka NLW, with editing by Michele Musso 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 “Foothill Blvd” by Sam Barsh. IMAGE: CREATED WITH MIDJOURNEY. Join the discussion at discord.gg/VrKRrfKCz8.

Transcript

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0:00.0	In the wake of one of the most tumultuous years in crypto history, the conversations happening at Consensus
0:05.8	2023 have never been more timely and important. This April, CoinDess is bringing together
0:10.6	all sides of the crypto, blockchain, and Web3 community to find solutions to crypto's thornyest
0:15.3	challenges, and finally deliver on the technology's transformative potential. Join developers, investors,
0:20.7	founders, brands, founders,
0:21.1	brands, policymakers, and more in Austin, Texas, April 26th to 28th for Consensus
0:25.7	2023. Listeners of the breakdown can take 15% off registration with code breakdown.
0:31.4	Register now at consensus.com and join CoinDesk at Consensus 2023.
0:43.1	Thank you. and join CoinDesk at Consensus 2023. Welcome back to The Breakdown with me, NLW.
0:47.4	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
0:53.1	The breakdown is produced and distributed by CoinDes.
0:58.4	What's going on, guys?
0:59.7	It is Wednesday, April 12th, and today we are talking about the latest inflation print.
1:05.2	But before we dive in, a quick reminder, the breakdown is expanding to become the breakdown network.
1:12.0	We've launched a new show,
1:16.5	Bitcoin Builders, which you can find anywhere you listen to podcasts. And most importantly,
1:21.2	if you're listening to this show on the CoinDesk podcast network feed, you'll need to switch over to the breakdown only feed. After April 23rd, the breakdown will only be available on
1:26.2	that breakdown only feed. For more on the announcement, go listen to the show that I put out yesterday, April 11rd, the breakdown will only be available on that breakdown-only feed. For more on the
1:28.5	announcement, go listen to the show that I put out yesterday, April 11th, called Announcing the
1:32.4	Breakdown Network and Bitcoin Builders. All right, with that out of the way, today we are doing
1:36.7	a big sweeping macro overview focused on CPI. This really is what gets the FinTwit folks out
1:42.9	of bed, I have to say.
	...

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