Geopolitics Alpha

Consumer confidence sags to 12-year low, eroded by inflation, job anxiety

Published . Updated .

Inflation will probably not slow to the Federal Reserve’s 2% target until 2028, New York Fed President John Williams predicted.

Directly affected

  • No company is named in this report.

Indirectly affected

  • TLT iShares 20+ Year Treasury Bond

    Long-term bonds move when yields change

  • IEF iShares 7-10 Year Treasury Bond

    Treasury bonds move when yields change

  • SHY iShares 1-3 Year Treasury Bond

    Short-term bonds move when the Fed changes rates

  • SPY SPDR S&P 500

    Stocks move when the Fed changes the rate path

  • JPM JPMorgan Chase

    Bank profits move with lending and interest rates

  • BAC Bank of America

    Bank profits move with lending and interest rates

  • GS Goldman Sachs

    Bank profits move with lending and interest rates

  • XLF Financial Select Sector SPDR

    A fund of financial companies

  • KRE SPDR S&P Regional Banking

    Regional banks are sensitive to interest rates

  • UGA UNITED STATES GASOLINE FUND LP

    Higher fuel and transport costs can propagate into commodity inputs, consumer margins, credit conditions, and interest-rate expectations.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
TLT———————
IEF———————
SHY———————
SPY———————
JPM———————
BAC———————
GS———————
XLF———————
KRE———————
UGA———————

Inflation will probably not slow to the Federal Reserve’s 2% target until 2028, New York Fed President John Williams predicted.

Source: Retail Dive

United States Gasoline Fund (UGA) since this story, compared with the market

Since the first closing price after “Consumer confidence sags to 12-year low, eroded by inflation, job anxiety,” United States Gasoline Fund (UGA) is -1.74%. The S&P 500 fund (SPY) is +0.56% over the same days, a -2.30% difference versus the market.

UGA
SPY

Who gains and who loses around United States Gasoline Fund (UGA)

Companies tied to this story

  • UGA United States Gasoline Fund

    In “Consumer confidence sags to 12-year low, eroded by inflation, job anxiety,” United States Gasoline Fund (UGA) is linked, with no stored direction, medium confidence. Reason on file: Higher fuel and transport costs can propagate into commodity inputs, consumer margins, credit conditions, and interest-rate expectations

  • GSG iShares S&P GSCI Commodity-Indexed Trust

    For “Consumer confidence sags to 12-year low, eroded by inflation, job anxiety,” iShares S&P GSCI Commodity-Indexed Trust (GSG) is linked, with no stored direction, medium confidence. Reason on file: Higher fuel and transport costs can propagate into commodity inputs, consumer margins, credit conditions, and interest-rate expectations

  • DBA Invesco Db Agriculture Fund

    Invesco Db Agriculture Fund (DBA) is linked, with no stored direction, medium confidence in the 29 Sep 2026 story “Consumer confidence sags to 12-year low, eroded by inflation, job anxiety.” Reason on file: Higher fuel and transport costs can propagate into commodity inputs, consumer margins, credit conditions, and interest-rate expectations

  • MOO Vaneck Etf Trust

    For “Consumer confidence sags to 12-year low, eroded by inflation, job anxiety,” Vaneck Etf Trust (MOO) is linked, with no stored direction, medium confidence. Reason on file: Higher fuel and transport costs can propagate into commodity inputs, consumer margins, credit conditions, and interest-rate expectations

  • XME Spdr Series Trust

    In “Consumer confidence sags to 12-year low, eroded by inflation, job anxiety,” Spdr Series Trust (XME) is linked, with no stored direction, medium confidence. Reason on file: Higher fuel and transport costs can propagate into commodity inputs, consumer margins, credit conditions, and interest-rate expectations

  • XLY Select Sector Spdr Tr

    For “Consumer confidence sags to 12-year low, eroded by inflation, job anxiety,” Select Sector Spdr Tr (XLY) is linked, with no stored direction, medium confidence. Reason on file: Higher fuel and transport costs can propagate into commodity inputs, consumer margins, credit conditions, and interest-rate expectations

  • IWM Ishares Tr

    Ishares Tr (IWM) is linked, with no stored direction, medium confidence in the 29 Sep 2026 story “Consumer confidence sags to 12-year low, eroded by inflation, job anxiety.” Reason on file: Higher fuel and transport costs can propagate into commodity inputs, consumer margins, credit conditions, and interest-rate expectations

  • HYG Ishares Tr

    In “Consumer confidence sags to 12-year low, eroded by inflation, job anxiety,” Ishares Tr (HYG) is linked, with no stored direction, medium confidence. Reason on file: Higher fuel and transport costs can propagate into commodity inputs, consumer margins, credit conditions, and interest-rate expectations

United States Gasoline Fund (UGA)

The 29 Sep 2026 story “Consumer confidence sags to 12-year low, eroded by inflation, job anxiety” names United States Gasoline Fund (UGA) because of this story.

What ties United States Gasoline Fund (UGA) to the headline is this: Higher fuel and transport costs can propagate into commodity inputs, consumer margins, credit conditions, and interest-rate expectations

A second company, iShares S&P GSCI Commodity-Indexed Trust (GSG), is listed for a different reason: Higher fuel and transport costs can propagate into commodity inputs, consumer margins, credit conditions, and interest-rate expectations

Dates and price levels for United States Gasoline Fund (UGA)

DBA traded between 27.85 and 28.86 across 20 sessions. The latest close on file is 28.19. GSG traded between 35.09 and 37.22 across 10 sessions. The latest close on file is 37.04. UGA traded between 140.00 and 152.81 across 20 sessions. The latest close on file is 143.49.

A simple score for United States Gasoline Fund (UGA)

54 out of 100

“Consumer confidence sags to 12-year low, eroded by inflation, job anxiety” scores 54 out of 100. The score uses 2 sources, and 23 linked companies.