Wall Street games out a ‘no landing’ in era of stock turbulence

Staying resilient: Traders on the floor at the New York Stock Exchange. Bond investors are expecting interest rates to move past 5% and stay there. — AP

RENEWED pressure on the Federal Reserve (Fed) to intensify its inflation battle in the grip of a still-resilient economy is forcing Wall Street pros to rethink the stock-trading landscape.

After a worrisome report on consumer prices landed Tuesday, bond investors amped up expectations that interest rates will move past 5% and stay there.