Traders Shrug Off Hot Inflation

MRKT Matrix - Thursday, August 14th Stocks trade marginally lower after hotter-than-expected inflation data (CNBC) US Producer Prices Rise by Most in Three Years on Services (Bloomberg) Bessent Says He’s Not Pushing Fed Cuts, Just Touting Models (Bloomberg) Economist Sumerlin confirms he’s in the running for Fed chair, backs big interest rate cut (CNBC) Americans’ 401(k)s Are More Tied to Stocks Than Ever (WSJ) Behind Wall Street’s Abrupt Flip on Crypto (NYTimes) DeepSeek’s next AI model delayed by attempt to use Chinese chips (Financial Times) -- Subscribe to our newsletter: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://riskreversalmedia.beehiiv.com/subscribe⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ MRKT Matrix by RiskReversal Media is a daily AI powered podcast bringing you the top stories moving financial markets Story curation by RiskReversal, scripts by Perplexity Pro, voice by ElevenLabs