Now at 9.1%, Inflation Just Keeps Going Up

The Breakdown

Blockworks

Investing, Business

4.8 • 786 Ratings

🗓️ 14 July 2022

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

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Summary

This episode is sponsored by Nexo.io, Chainalysis, FTX US and Ava Labs. Nothing is more important to markets right now than how the Fed responds to inflation. On today’s show, NLW discusses the latest consumer price index numbers for June. He argues that they make it likely that the Fed continues with another 75 basis point hike at the FOMC meeting later this month, but also shows that the market believes they might even increase that to a full 1% hike. - 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. - Ava Labs releases Core, the free, non-custodial browser extension, built for the power of Avalanche. Core is an all-in-one operating system bringing together Avalanche apps, Subnets, bridges and NFTs in one seamless, high-performance experience. Eager to start using Web3 dapps to their fullest potential? Download today at core.app! - 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 by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and 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: Cemile Bingol/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

Transcript

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0:00.0	Today's data does not reflect the full impact of nearly 30 days of decreased gas prices,
0:05.8	which comes straight from a Biden quote after the inflation print went live.
0:09.9	I got to say the market really isn't buying this one.
0:13.1	It's something like, transitory once, shame on you.
0:16.8	Peak inflation because of gas twice, shame on me.
0:21.2	Welcome back to The Breakdown with me, NLW.
0:25.3	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
0:31.0	The breakdown is sponsored by nexo.io, chain aliasis, and FTX, and produced and distributed by CoinDesk.
0:38.9	What's going on, guys? It is Wednesday, July 13th, and today is Inflation Day.
0:45.2	Before we dive in, a quick note, there are two ways to listen to the Breakdown Podcast.
0:50.7	You can find us on the CoinDesk Podcast Network feed, which features the breakdown alongside
0:54.5	other great shows. That comes out each afternoon. Or you can listen on the breakdown only feed,
0:59.6	which comes out a few hours later. In either case, if you're enjoying the show, please consider
1:04.5	leaving a rating or a review. It makes a huge difference, and I appreciate them all. Also,
1:09.4	a disclosure as always. In addition to them being a
1:11.9	sponsor of the show, I also work with FTX. And lastly, this week, I am thrilled to have Avalabs
1:17.5	as an additional sponsor. Did you know that you can bridge Bitcoin natively across the Avalanche Bridge
1:23.3	and take advantage of the growing DeFi ecosystem on Avalanche? This is just one of the innovative features of Core,
1:29.5	the new non-custodial browser extension and wallet developed by Avalabs.
1:33.7	Core is engineered for Avalanche users to have the most secure and seamless Web3 experience.
1:38.5	Easily swap assets, display your NFTs in style,
1:41.6	and store your assets in a ledger-enabled wallet.
	...

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