inflation may have peaked which could be bad news for stocks that have benefited from higher prices it has taken time but the market has finally coalesced around the idea that inflation won’t get hotter and could eventually fall back to a level more acceptable to the fed friday’s strong payrolls data complicate the matter—wage growth is still rising at a 5 clip—but doesn’t change the fact that after peaking at 9 in june the consumer price index slipped to 78 in october and is expected to fall to 73 in november that reading is due dec 13 one day before the fed announces its next monetarypolicy decision