Markets 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.
The Breakdown is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is Countdown by Neon Beach. The music you heard today behind our sponsor is Time by OBOY. Image credit: Bryan Allen/The Image Bank/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.