Macro Update: CPI Cools, Shelter Inflation Tanks & Fed DELAYS Cuts

Jun 12, 2024

The podcast discusses the cool CPI data, Fed's delay in rate cuts, and Powell's dovish remarks. It explores inflation, labor market trends and how they impact asset prices. The episode also dives into Bitcoin investment analysis with a special offer from River.

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Intro

00:00 • 3min

Analyzing Core CPI Trends, Fed's Influence, and Monetary Policy Outlook

03:25 • 12min

Analysis of Inflation, Labor Market, and Fed's Rate Decisions

15:11 • 10min

Bitcoin Investment Analysis with Sponsor Mention

25:18 • 2min

In this episode, Joe walks through an action-packed day in macro. The CPI print for last month came in cooler than analyst estimates, led by the shelter component which saw its first monthly decline in 3 years. Following the cool CPI data, rate expectations fell and risk assets popped, but Powell was quick to temper dovish hopes with his press conference in the afternoon. Though the Fed is content with the path of inflation, it is not satisfied with the level still being well above its 2% target. It remains flexible, with its eye on developments in the labor market, into the end of the year. Joe wraps by talking about how asset prices will behave heading into the end of the year. The Bitcoin Layer is brought to you by River. Visit http://River.com/TBL and earn up to $100 in bonus Bitcoin when you buy. Subscribe and turn on notifications for TBL on YouTube. Subscribe to TBL’s research letter: https://thebitcoinlayer.com/subscribe Follow TBL on X: / thebitcoinlayer Subscribe to The Bitcoin Layer on your favorite podcast platform. Use code TBLYT10 for 10% off all The Bitcoin Layer Merch at http://TheBitcoinLayer.com/merch Contribute to The Bitcoin Layer via Lightning Network: thebitcoinlayer@zbd.gg The Bitcoin Layer is a bitcoin and global macroeconomic research firm. The Bitcoin Layer and its guests do not provide investment advice. Block Height 847673 #thebitcoinlayer Nik Bhatia's Twitter: https://twitter.com/timevalueofbtc Research Associate Joe Consorti's Twitter: https://twitter.com/JoeConsorti Creative Director Matthew Ball's Twitter: https://twitter.com/matthewrball #TheBitcoinLayer #NikBhatia #JoeConsorti #Macro #CPI #Inflation #FederalReserve #InterestRates #RiskAssets #JeromePowell #LaborMarket #ShelterCosts #EconomicUpdate #AssetPrices #Finance #Economy #MarketAnalysis #Investing #FinancialNews #EconomicIndicators #MarketTrends #MonetaryPolicy #RateHike #StockMarket #EconomicForecast #MarketOutlook #CPIReport #InvestmentStrategy #FinancialMarkets #Bloomberg #Analysis #Charts #Tradingview #InvestmentStrategy #MarketWatch #StockMarket #PassiveInvesting #IndexFunds #FinancialMarkets #MarketWatch #FreeMarkets #Markets #USTreasury #TreasuryBills #BalanceSheet #FED #Debt #Inflation #Statistic #Rates #Interest #Asset #Bitcoin #Dollar #Sats #BTC #Market #Currency #Crypto #Analysis #Investment #News #Finance #Education #Learn #Teach #Teacher #Blockchain #Mining #BitcoinMining #macro

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