The Fed Crushes the Idea of a UK-Inspired Pivot

The Breakdown

Blockworks

Investing, Business

4.8 • 786 Ratings

🗓️ 1 October 2022

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

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Summary

This episode is sponsored by Nexo.io, Circle and FTX US. On this edition of the “Weekly Recap,” NLW summarizes the Bank of England’s intervention into U.K. bond markets and covers comments from various Federal Reserve officials that make clear the BOE’s actions aren’t affecting Fed thinking in any meaningful way. - Nexo Pro allows you to trade on the spot and futures markets with a 50% discount on fees. You always get the best possible prices from all the available liquidity sources and can earn interest or borrow funds as you wait for your next trade. Get started today on pro.nexo.io. - 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. - 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 at coindesk.com/ideas. - “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. Music behind our sponsors today is “The Now” by Aaron Sprinkle and “The Life We Had” by Moments. Image credit: jehsomwang/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.
0:15.0	The breakdown is sponsored by nexo.io, Circle, and FtX, and produced and distributed by CoinDesk.
0:22.8	What's going on, guys? It is Saturday, October 1st, and that means it's time for the weekly
0:27.5	recap. One note before we dive in. There are two ways to listen to the breakdown. You can hear
0:33.3	us on the CoinDesk podcast network feed, which comes out every day in the afternoon, and also
0:37.1	features a number of other great Coin desk shows, or you can listen on the breakdown-only feed,
0:41.0	which comes out a few hours later in the evening.
0:43.2	Whichever way you choose to listen, I would so appreciate it if you would take the time
0:46.9	to leave a rating or a review.
0:48.8	It makes a huge difference in terms of new people discovering the show, and I appreciate
0:51.8	all of you who have done that.
0:53.6	Also, a disclosure as always. In addition to them being a sponsor of the show, I also work with FtX.
0:58.7	And finally, I want to tell you about CoinDesk's new event, the investing in digital enterprises
1:03.4	and asset summit or ideas. Ideas is designed to facilitate capital flow and market growth
1:08.5	by connecting the digital economy with traditional finance. Join CoinDesk October 18th and 19th in New York City for a 360-degree investment
1:16.4	experience where you can source and invest in the next big deal in digital assets.
1:20.9	Use code breakdown 20 for 20% off a general pass and register today at coindesk.com slash ideas.
1:27.3	All right, friends, well, welcome to October,
1:30.2	a contender for best month of the year in the definitive NLW rankings, competing only with
1:35.4	that wonderful early holiday pre-Christmas December. However, right now, given what we're going
1:40.8	through, the good tidings of holidays seem pretty far away. The biggest
	...

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