The higher-than-expected CPI data makes it likely the Federal Reserve hikes rates 75 basis points again this month.
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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.
See also: The Fed Can't Whip Inflation Alone
“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.
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