Mark Tepper joined Varney & Co. to break down the latest inflation data, why the Federal Reserve is unlikely to cut rates anytime soon, and what stubbornly high prices mean for markets. He explains why stocks can continue to rally even with inflation near 3%, how AI productivity is reshaping employment, and why the consumer remains more resilient than many investors expect. Tepper also weighs in on bank earnings, credit card interest rate caps, Tesla’s shift toward recurring software revenue, and why select consumer and technology stocks still offer opportunity.