Why Inflation Is the Real Risk Investors Keep Missing

Markets are rallying on renewed hopes for an Iran deal, but the economic risks tied to oil prices, inflation expectations, and higher borrowing costs have not gone away.Mike Armstrong and Marc Fandetti break down why stocks are rising even as the ceasefire remains fragile, gas prices stay elevated, and inflation pressures continue to build. They also discuss why the summer job market may be tougher for teenagers, how younger consumers are reshaping demand for cars, and why saving more for retirement can help investors both build wealth and adjust to living on less income.The show also looks at the growing overlap between investing and gambling as prediction markets gain popularity, why higher inflation may be more damaging to long-term financial plans than a temporary stock market decline, and what rising inflation expectations could mean for the Federal Reserve’s credibility.