Market is facing a repricing event amid higher-for-longer interest rates, adviser says

As inflation data shows continued stickiness, the likelihood of an imminent Federal Reserve rate cut has diminished, prompting market readjustments. Zacks Investment Management Client Portfolio Manager Brian Mulberry joins Wealth! to discuss how stubborn inflation not only impacts rate cut decisions but also earnings expectations.
Mulberry states that markets are undergoing "a repricing event" due to a higher-for-longer interest rate environment. He highlights that with the Fed's target of 2% inflation, there is not "enough information or data to truly determine what interest rates should be today" - forcing a shift in how "future earnings are going to be valued."
"In this moment, the earnings in the current quarter aren't as important as the guidance over the next couple of quarters for investors right now," Mulberry told Yahoo Finance.
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Hyper inflation, Argentina hyper inflation

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