A modest wobble aside, unexpectedly strong inflation readings aren't rattling stock-market investors. That might not happen until the Fed changes its tune, analysts say.
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Stock market investors still aren’t sweating rising inflation pressures that saw U.S. consumer prices rise 6.2% year-over-year in October, a nearly 31-year high. And that might not change until the Federal Reserve gets more aggressive, analysts said.
“U.S. equities have shrugged off this year’s surge in inflation, probably because it has not coincided with either a rise in the real yields of Treasurys or weakness in corporate earnings,” said Oliver Allen, markets economist at Capital Economics, in a Thursday note. The real…
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