The consumer price index increased 0.4% for the month and 7.7% from a year ago. Joe, Becky, and Andrew discuss how the better-than-expected report prompted a market rally, and consider next steps for the Fed in its fight against inflation. New Jersey Governor Phil Murphy discusses the squeeze on consumers and the rising crime rates across the country. 

Crypto exchange FTX has filed for bankruptcy. After a tumultuous week in crypto, CEO Sam Bankman-Fried has stepped down. Plus, Elon Musk’s new Twitter Blue policy has proved confusing for tweeters, corporate and otherwise. 

 

In this episode:

Phil Murphy @GovMurphy

Eunice Yoon @onlyyoontv

Joe Kernen, @JoeSquawk

Andrew Ross Sorkin, @andrewrsorkin

Becky Quick @BeckyQuick

Katie Kramer, @Kramer_Katie

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