CPI inflation print comes in cool as expected: What it means for crypto

00:00 Scott Melker

Inflation was moderate in July coming in along expectations and markets basically shrugged it off. But behind the service, we have a few huge stories that are impacting crypto markets and of course, the rest of markets in general. We're going to unpack all of those right now. Let's go.

00:32 Scott Melker

Happy Wednesday everybody and welcome to the Daily Wolf on Yahoo Finance. I am your host Scott Melker, also known as The Wolf of All Streets. You can find me at Scott Melker on X and on YouTube and anywhere else that you may have social media or want to watch my content.

00:53 Scott Melker

I highly, highly, highly recommend that you do check out my 9:00 a.m. show each day on YouTube. Today, I had an incredible guest, Jordi Viser, one of my favorite conversations that I've had in a very long time and I guarantee it will make you quite bullish on the future of Bitcoin and crypto, especially in the context of AI and CapX growth.

01:19 Scott Melker

So, listen, it's not a crypto story today, but as usual, we had a CPI inflation print, the most important CPI inflation print since the last one and until the next one.

01:36 Scott Melker

I I don't think anybody really is paying attention to these anymore, but they do inform how prediction markets are viewing the likelihood of a fed interest rate hike or cut. I mean, here was the news, live updates, inflation was moderate in July, but energy prices remained elevated.