What the Highest Inflation in 4 Decades Means for Markets

What the Highest Inflation in 4 Decades Means for Markets
This episode is sponsored by Nexo, Abra and FTX US.Download this episodeMarkets have been nervous since last week’s FOMC meeting minutes revealed the Fed was considering early “balance sheet normalization” or quantitative tightening. At yesterday’s confirmation hearings, Fed Chair Jerome Powell tried to soften the Fed’s stance on QT, saying nothing had been decided. Today, December inflation numbers came in at a 39-year high of 7%. Find out why markets are rebounding in the wake of the news.See also: Bitcoin, Inflation and the Expectations Game“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott…