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Can the US stock market stand 3% US inflation?

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US inflation remains stubbornly over 3%. Will the markets stay stubbornly high?

This week's US inflation numbers came in and they’ve remained higher for longer than many expected, or wanted.

How does this change the Federal Reserve’s outlook and will the US stock market respond or continue its jaunty ascent? Today on the show Katie Martin and Robert Armstrong unpack the numbers. Also, we go long UK pasty purveyor Greggs and short Tesla. For a free 30-day trial to the Unhedged newsletter go to: https://www.ft.com/unhedgedoffer Follow Ethan Wu and Katie Martin on X. You can email Ethan at ethan.wu@ft.com. Read a transcript of this episode on FT.

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