> A higher interest rate, i.e. inflation, lowers the value of those future earnings. Not necessarily. A company with pricing power can raise prices in an infla

> A higher interest rate, i.e. inflation, lowers the value of those future earnings. Not necessarily. A company with pricing power can raise prices in an inflationary environment. But if the risk free interest rate goes up then it will be tempting to park money there instead of course. That requires the Fed really stamping out inflation though, which I’m not sure they will do.