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Soft CPI and Steady Rates: Navigating a Mixed Economic Landscape

In this week’s Trading Take, Alex Thorn is joined by Beimnet Abebe from Galaxy Trading to dissect recent economic developments. They delve into the latest CPI data which showed a softer inflation print than anticipated, suggesting a potential slowdown in inflationary pressures. The discussion also covers the Fed’s latest economic projections which hint at fewer rate cuts than expected, a stance seen as cautiously hawkish against the backdrop of the current financial environment. Alex also talks with notorious, hilarious, and insightful crypto Twitter personality, Gwart. Alex and Gwart discuss their thoughts on Bitcoin, the usefulness of blockchains, and whether tokens have value. Listen to the full episode here.