Welcome back to The Breakdown with me, NLW.

It's a daily podcast on Macro, Bitcoin, and the Big Picture Power Shifts remaking our world.

What's going on, guys? It is Tuesday, November 14th, and today we are talking CPI and macro.

Before we get into that, however, if you are enjoying the breakdown, please go subscribe to it,

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breakdown pod. Well, friends, like I said, today we are shifting our coverage from just never-ending bullish

shifts in sentiment to a macro conversation. It has been a while, and I want to use the occasion

of the CPI results to check in on how things are going from a larger perspective.

Now, one interesting thing to note around this month's CPI is, frankly, the

lack of coverage. There are very few articles in the lead-up compared to when inflation was still

high and volatile. Even over the last few months, it was easy to work up a, does this CPI print

mean the Fed is done type of article? But this time around, there just wasn't a lot of interesting

speculation to be had ahead of

the print. One might take this as a good sign, foreshadowing a return to the world where CPI

prints and Fed meetings aren't the most notable economic event of the entire calendar month.

So, among those who were paying attention, though, what were the predictions?

Analysts had by and large thought that this morning CPI print would show the

continued steady decline of inflation. Headline inflation for October was forecast to cool to 3.3%

annualized, with a monthly increase of just 0.1%. September CPI showed a 0.4% monthly increase

and the 3.7% annualized rate of inflation, so these predictions would mark another

significant decline if they were to come true. Now, after bottoming at 3% in June,

...