Hello, fellow Rebel Capital, so hope you're well. So we've got big news out today. The inflation data shocks the market, although the CPI went up. I'll explain more in just a moment. And then we've got to talk about what happened to asset prices as a result of the market being kind of caught off sides by this new inflation report that came out today.

And then we've got huge news and something we haven't talked about quite some time, but something that's extremely important, CBDCs.

So let's start by going right over to the Wall Street Journal. And we see that

inflation ticked up. Now, they're talking about headline CPI. It ticked up to 2.9 percent.

Remember, just a few months ago, we're at 2.4. So it's gone up by, call it 50 basis points. But what happened is the opposite of what you would expect.

So if inflation ticks up, you would expect yields on the 10-year treasury to explode higher.

And you would expect the dollar to completely sell off.

A lot of, well, actually, if the yields went up, you'd expect the dollar to go up.

I'm sorry, got confused there for a moment.

But getting back to this, we see that the opposite happened.

We saw yields tank on the 10-year treasury going down by, call it, 15 basis points. We'll go over what happened to the dollar. The stock market exploded higher. More on that in just a moment. Well, let's get into why we saw kind of the opposite reaction, as you would expect from the headline CPI going up to 2.9%

from, what was it, 2.6 or so, mainly because of the core CPI.

Now, this is the measurement that the Fed claims to pay more attention to than headline

CPI.

So the core inflation is basically minus the stuff that you buy

on a daily basis. So this is why the Fed completely ignores it. So this, they call this so-called

core CPI, which excludes volatile, food and energy prices.

All those got to throw on that volatile, rose by 2% or excuse me by 0.2% month

month, smallest gains since July and less than the 0.3 increase expected by economists.

So there you go.

There's the punchline.

What economists were expecting with this core CPI was an

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