Inflation Hits a Four-Decade High, Raising the Stakes for the Fed

P.M. Edition for July 13. Prices are up across the economy, with U.S. inflation hitting 9.1% in June. But the stock market only dipped slightly in response. Do investors have too rosy a view on the risk of a recession? WSJ chief economics commentator Greg Ip joins host Daniella Cheslow to discuss. Learn more about your ad choices. Visit megaphone.fm/adchoices