Wall Street Pros See Stocks Ignoring ‘Transitory’ Inflation Rise

Economists expect the latest data on consumer prices to show an uptick in inflation, but Wall Street pros aren’t concerned that it’ll derail the latest stock market rally.

The inflationary impact of President Donald Trump’s sweeping global tariffs is projected to start appearing in the latest US consumer price index figures, which will be released before trading begins on Tuesday. Still, Wall Street firms including JPMorgan Chase & Co. and Morgan Stanley expect investors to shrug off those concerns and keep equity prices soaring by focusing on strong corporate earnings and interest-rate cuts.