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Global MACRO News Update - Sep. 14th, 2021
🚨US INFLATION NUMBERS came in higher than expected at 8.3% for headline and 6.3% for core.🚨
The ECB RAISED RATES by 75bp and President Lagarde painted a very not-so-happy picture.
European energy companies secured BAILOUT $$$ from the government.
Canada announced an inflation RELIEF PACKAGE.
The IMF discusses issuing EMERGENCY FOOD AID.
Charles Schwab, Citadel, and Fidelity LAUNCH A CRYPTO EXCHANGE.
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Timestamps:
00:00 - SUMMARY
01:00 - LAST WEEK
01:44 - US INFLATION NUMBERS
06:15 - POWELL CATO CONVERSATION
13:43 - CONSUMER INFLATION EXPECTATIONS FALL
17:06 - GOVERNMENT PLAN FOR RAILWAY SHUTDOWN
22:40 - ECB RAISES INTEREST RATES
30:20 - BOJ NOWHERE NEAR PIVOT
36:52 - INDIA ISSUES INFLATION RELIEF
40:45 - CANADA ANNOUNCES INFLATION RELIEF
44:00 - EUROPEAN ENERGY COMPANIES GET BAILOUT
49:55 - PARIS STARTS TO RATION POWER
52:18 - IMF PLANS FOOD RELIEF
56:25 - SCHWAB & FIDELITY LAUNCH CRYPTO EXCHANGE
58:30 - TRUDEAU CRITICIZES RIVALS BTC SUPPORT
01:01:01 - MAKER REDUCES RELIANCE ON USDC
01:06:55 - NEXT WEEK
01:09:15 - OUTRO
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Stay happy, humble, and most importantly, solvent! ☀️
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