September CPI ran hot. Headline inflation hit 3.7% year over year, up from 3.4%, and core reached 2.6%, the fastest since June. Gasoline alone drove more than half the monthly increase. Rate-hike odds for this month’s meeting jumped within hours.
Scott Melker’s point is that a week ago the same market was pricing cuts, and nothing about how expensive your groceries are changed in between.
He also covers Kraken’s parent agreeing to buy a Lithuanian bank, Strive offering a 15% dividend to fund Bitcoin buys, and Coinbase publishing its plan for a quantum threat.
Timestamps
0:00 September CPI comes in hot across the board
2:00 Why markets react to the expectation, not the inflation
3:32 Rate-cut bets flip to rate-hike bets in a week
4:54 Why the whiplash itself is the long-term Bitcoin case
6:08 Kraken’s parent agrees to buy a Lithuanian bank
7:26 Why buying a bank is different from a trust charter
9:04 Strive launches a 15% preferred to fund Bitcoin buys
11:20 Coinbase publishes its plan for a quantum threat
13:21 Ripple and Privy put XRP Ledger wallets inside apps
13:49 How Not To Invest: pre-IPO futures on AI companies
#CPI #Inflation #FederalReserve #Bitcoin #Kraken #DailyWolf #YahooFinance
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