Finally, Nike (NKE) shares are up more than +5% this morning on its better-than-expected fiscal Q3 earnings report Monday after the closing bell. NIKE, Inc. (NKE): Free Stock Analysis Report That said, with inflation keeping more stubbornly high than Powell had initially figured, ratcheting up interest rates — in addition to letting assets expire on the Fed’s $9 trillion balance sheet — it may take a half-point hike to amount to more than a drop in the bucket.