The Breakdown cover image

Markets Plummet as Inflation Comes In Hot

The Breakdown

00:00

Introduction

Inflation print day, meaning we were going to get numbers from the bureau of labor statistics about august's inflation. While markets had already priced in another 75 basis point hike for this coming f o m c meeting next week, the anticipation was whether we'd see a continuation of the trend that we saw last month. One of the ironies is that the market's recent rally makes the fed more likely, rather than less likely, to continue their hawkishness. This month over month versus year over year thing is actually more relevant than it might seem.

Play episode from 00:00
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app