Cut government spending to reduce inflation: Big banks’ plea
Published . Updated .
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The CEOs of two of the nation’s largest banks say less government spending will reduce inflationary pressure.
Directly affected
- No company is named in this report.
Indirectly affected
- XLF Financial Select Sector SPDR+0.4% 17d
Financial Select Sector SPDR: it holds banks. Linked by “banks” (banks) in this story.
- KRE SPDR S&P Regional Banking ETF-1.3% 19d
SPDR S&P Regional Banking ETF: it holds banks. Linked by “banks” (banks) in this story.
- TIP iShares TIPS Bond ETF+0.7% 17d
iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story.
- JPM JPMorgan Chase-1.4% 30d
JPMorgan Chase (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “banks” (banks) in this story.
- BAC Bank of America-12.4% 30d
Bank of America (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “banks” (banks) in this story.
- WFC Wells Fargo+3.1% 30d
Wells Fargo (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “banks” (banks) in this story.
- C Citigroup-7.1% 30d
Citigroup (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “banks” (banks) in this story.
- WMT Walmart+19.7% 30d
Walmart (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| XLF | -1.84% | -1.07% | base | -0.72% | after close | after close | after close |
| KRE | -0.85% | +0.66% | base | -0.59% | after close | after close | after close |
| TIP | +0.93% | +0.72% | base | -0.46% | after close | after close | after close |
| JPM | -1.72% | -0.42% | base | -0.17% | after close | after close | after close |
| BAC | -1.69% | -0.16% | base | -0.24% | after close | after close | after close |
| WFC | -1.16% | -0.37% | base | -0.03% | after close | after close | after close |
| C | -4.60% | -1.79% | base | -0.09% | after close | after close | after close |
| WMT | +1.59% | -0.08% | base | +0.18% | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Cut government spending to reduce inflation: Big banks’ plea SMH.com.au
Source: SMH.com.au
How far Ishares Tr (TIP) has moved since 12 Nov 2026
| Company | When | Move | Status |
|---|---|---|---|
| Bank Of America (BAC) | that day | -0.24% | final price |
| Bank Of America (BAC) | three days earlier | -0.16% | final price |
| Bank Of America (BAC) | five days earlier | -1.69% | final price |
| C | that day | -0.09% | final price |
| C | three days earlier | -1.79% | final price |
| C | five days earlier | -4.60% | final price |
| Jpmorgan Chase (JPM) | that day | -0.17% | final price |
| Jpmorgan Chase (JPM) | three days earlier | -0.42% | final price |
| Jpmorgan Chase (JPM) | five days earlier | -1.72% | final price |
| KRE | that day | -0.59% | final price |
| KRE | three days earlier | +0.66% | final price |
| KRE | five days earlier | -0.85% | final price |
| Ishares Tr (TIP) | that day | -0.46% | final price |
| Ishares Tr (TIP) | three days earlier | +0.72% | final price |
| Ishares Tr (TIP) | five days earlier | +0.93% | final price |
| WFC | that day | -0.03% | final price |
| WFC | three days earlier | -0.37% | final price |
| WFC | five days earlier | -1.16% | final price |
| Walmart (WMT) | that day | +0.18% | final price |
| Walmart (WMT) | three days earlier | -0.08% | final price |
| Walmart (WMT) | five days earlier | +1.59% | final price |
| Select Sector Spdr Tr (XLF) | that day | -0.72% | final price |
| Select Sector Spdr Tr (XLF) | three days earlier | -1.07% | final price |
| Select Sector Spdr Tr (XLF) | five days earlier | -1.84% | final price |
Congressional trades in the stocks in this story
- Rep. Rohit Khanna bought Jpmorgan Chase (JPM) (held by a dependent child), worth $1,001 - $15,000 on 15 Oct 2026. That is 28 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Rohit Khanna bought Jpmorgan Chase (JPM) (held by a spouse), worth $100,001 - $250,000 on 8 Oct 2026. That is 35 days before publication. Filed 5 Nov 2026. View the filing.
- Sen. Sheldon Whitehouse sold Jpmorgan Chase (JPM) (held by a spouse), worth $15,001 - $50,000 on 4 Sep 2026. That is 69 days before publication. Filed 1 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Bank Of America (BAC) (held by a spouse), worth $1,001 - $15,000 on 20 Oct 2026. That is 23 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Rohit Khanna sold Bank Of America (BAC) (held by a dependent child), worth $1,001 - $15,000 on 13 Oct 2026. That is 30 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Rohit Khanna sold Bank Of America (BAC) (held by a spouse), worth $1,001 - $15,000 on 9 Sep 2026. That is 64 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Wells Fargo (WFC) (held by a dependent child), worth $250,001 - $500,000 on 15 Oct 2026. That is 28 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Rohit Khanna bought Wells Fargo (WFC) (held by a spouse), worth $1,001 - $15,000 on 1 Oct 2026. That is 42 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Rohit Khanna bought Wells Fargo (WFC) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 48 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Maria Elvira Salazar sold Citigroup (C), worth $1,001 - $15,000 on 24 Sep 2026. That is 49 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Citigroup (C) (held by a spouse), worth $1,001 - $15,000 on 4 Sep 2026. That is 69 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Walmart (WMT) (held by a dependent child), worth $15,001 - $50,000 on 13 Oct 2026. That is 30 days before publication. Filed 5 Nov 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who gains and who loses around Ishares Tr (TIP)
Companies carried with this story
- TIP Ishares Tr
Ishares Tr (TIP) is linked, with no stored direction, medium confidence in the 12 Nov 2026 story “Cut government spending to reduce inflation: Big banks’ plea.” Reason on file: iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story
- XLP Select Sector Spdr Tr
For “Cut government spending to reduce inflation: Big banks’ plea,” Select Sector Spdr Tr (XLP) is linked, with no stored direction, medium confidence. Reason on file: Consumer Staples Select Sector SPDR: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story
- XLF Select Sector Spdr Tr
For “Cut government spending to reduce inflation: Big banks’ plea,” Select Sector Spdr Tr (XLF) is linked, with no stored direction, medium confidence. Reason on file: Financial Select Sector SPDR: it holds banks. Linked by “banks” (banks) in this story
- WMT Walmart
In “Cut government spending to reduce inflation: Big banks’ plea,” Walmart (WMT) is linked, with no stored direction, medium confidence. Reason on file: Walmart (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story
- JPM Jpmorgan Chase
In “Cut government spending to reduce inflation: Big banks’ plea,” Jpmorgan Chase (JPM) is linked, with no stored direction, medium confidence. Reason on file: JPMorgan Chase (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “banks” (banks) in this story
- COST Costco Wholesale
Costco Wholesale (COST) is linked, with no stored direction, medium confidence in the 12 Nov 2026 story “Cut government spending to reduce inflation: Big banks’ plea.” Reason on file: Costco Wholesale (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story
- BAC Bank Of America
In “Cut government spending to reduce inflation: Big banks’ plea,” Bank Of America (BAC) is linked, with no stored direction, medium confidence. Reason on file: Bank of America (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “banks” (banks) in this story
- PG Procter & Gamble
For “Cut government spending to reduce inflation: Big banks’ plea,” Procter & Gamble (PG) is linked, with no stored direction, medium confidence. Reason on file: The Procter & Gamble (soap, detergents, cleang preparations, perfumes, cosmetics): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story
How “Cut government spending to reduce inflation: Big banks’ plea” reaches Ishares Tr (TIP)
“Cut government spending to reduce inflation: Big banks’ plea” (12 Nov 2026) reaches Ishares Tr (TIP) through this story.
What ties Ishares Tr (TIP) to the headline is this: iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story
Select Sector Spdr Tr (XLP) is here too. Its reason reads: Consumer Staples Select Sector SPDR: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story
Price levels for Ishares Tr (TIP)
TIP traded between 103.77 and 105.61 across 15 sessions. The latest close on file is 105.27. XLF traded between 52.82 and 56.02 across 15 sessions. The latest close on file is 55.07. XLP traded between 80.10 and 82.29 across 5 sessions. The latest close on file is 81.02.
How solid “Cut government spending to reduce inflation: Big banks’ plea” looks
46 out of 100
“Cut government spending to reduce inflation: Big banks’ plea” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.