This episode is sponsored by, Chainalysis and FTX US.

On today’s episode, NLW looks at:

  • Fed Chair Jerome Powell’s comments on inflation at the ECB conference.
  • The latest recession indicators.
  • Manufacturing declines.
  • Turmoil in the housing market.
  • And more!

“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: Horacio Villalobos#Corbis/Getty Images, modified by CoinDesk. Join the discussion at