Key Points The stock market advanced following hotter-than-expected inflation data. CPI data showed headline and core inflation accelerated compared to last year. The market priced in an interest rate cut but is mispricing when it will come. 5 stocks we like better than Costco Wholesale The stock market has absolutely, 100% priced in a rate cut. The market has been expecting a rate cut for more than a year and is, in fact, pricing in a soft landing and sustained economic growth. The question that needs to b ...