Geopolitics Alpha

Fed expected to hold rates steady days ahead of US midterms

Published . Updated .

Covered by 3 outlets: Bangladesh Sangbad Sangstha (BSS), The Economic Times, France 24.

Who covered it: Center 2 · Not rated 1. How we rate outlets

Fed expected to hold rates steady days ahead of US midterms

The US Federal Reserve appears set to hold interest rates steady at its meeting next week, analysts say, despite stubbornly high inflation and with markets pricing in at least one rate hike before year-end. The Fed has missed its long-term two-percent target for inflation for

Directly affected

  • No company is named in this report.

Indirectly affected

  • TLT iShares 20+ Year Treasury Bond-1.8%

    Long-term bonds move when yields change

  • IEF iShares 7-10 Year Treasury Bond-0.9%

    Treasury bonds move when yields change

  • SHY iShares 1-3 Year Treasury Bond-0.3%

    Short-term bonds move when the Fed changes rates

  • SPY SPDR S&P 500-0.1%

    Stocks move when the Fed changes the rate path

  • JPM JPMorgan Chase-5.3%

    Bank profits move with lending and interest rates

  • BAC Bank of America-15.0%

    Bank profits move with lending and interest rates

  • GS Goldman Sachs-11.4%

    Bank profits move with lending and interest rates

  • XLF Financial Select Sector SPDR-3.9%

    A fund of financial companies

  • KRE SPDR S&P Regional Banking-4.4%

    Regional banks are sensitive to interest rates

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
TLT-2.31%-1.35%baseafter closeafter closeafter closeafter close
IEFNo price data for this ticker———————
SHYNo price data for this ticker———————
SPY+0.89%+1.75%baseafter closeafter closeafter closeafter close
JPMNo price data for this ticker———————
BACNo price data for this ticker———————
GSNo price data for this ticker———————
XLFNo price data for this ticker———————
KRENo price data for this ticker———————

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.

Market Call

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Fed expected to hold rates steady days ahead of US midterms Bangladesh Sangbad Sangstha (BSS)

Source: Bangladesh Sangbad Sangstha (BSS)

This story

CompanyWhenMoveStatus
GLDthree days earlier+3.37%final price
GLDfive days earlier+3.56%final price
QQQthree days earlier+2.99%final price
QQQfive days earlier+2.00%final price
SPYthree days earlier+1.75%final price
SPYfive days earlier+0.89%final price
TLTthree days earlier-1.35%final price
TLTfive days earlier-2.31%final price

Congressional trades in the stocks in this story

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).

How solid “Fed expected to hold rates steady days ahead of US midterms” looks

38 out of 100

“Fed expected to hold rates steady days ahead of US midterms” scores 38 out of 100. The score uses 3 sources.