Episode
Inflation Surge, Kevin Warsh Confirmed, and Crypto Markets Eye Key Resistance
- Podcast
- Stock Market Today
- Published
- May 13, 2026
- Duration seconds
- 149
- Processing state
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Summary
Markets digest hotter-than-expected inflation data as the Producer Price Index jumps 1.4%-the biggest advance in four years-following last week's Consumer Price Index that hit a three-year high. Kevin Warsh wins Senate confirmation as Federal Reserve Governor, with his chair vote expected immediately as Powell's term expires Friday. Bitcoin tests critical eighty-two thousand dollar resistance as trader sentiment shifts on seventy-seven percent historical probability of new all-time highs. Charles Schwab begins retail crypto trading rollout for twelve trillion in client assets. XRP ETFs log biggest inflows since January while tokenized Treasuries surge past fifteen billion. JPMorgan files to launch tokenized money market fund targeting stablecoin issuers, and the Senate Banking Committee preps markup of the CLARITY Act with over one hundred amendments filed. Plus, Trump heads to Beijing for talks with Xi Jinping as markets watch for trade and tariff developments.