Fed raises rates but construction has a bigger problem
Published . Updated .
Higher rates could force owners to delay or outright abandon projects, said Michael Guckes, chief economist at ConstructConnect, a commercial construction data provider.
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
- FAS DIREXION DAILY FINANCIAL BULL 3X ETF
GA selected FAS as a RELATED security because its canonical security name directly matches this event's themes: financial. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
Price reaction, T-5 to T+3
Price since this story was published: Direxion Daily Financial Bull 3X Etf (FAS)
Since the first closing price after “Fed raises rates but construction has a bigger problem,” Direxion Daily Financial Bull 3X Etf (FAS) is -5.21%. The S&P 500 fund (SPY) is +0.52% over the same days, a -5.73% difference versus the market.
Who is named in “Fed raises rates but construction has a bigger problem”
Companies carried with this story
- FAS Direxion Daily Financial Bull 3X Etf
For “Fed raises rates but construction has a bigger problem,” Direxion Daily Financial Bull 3X Etf (FAS) is linked, with no stored direction, medium confidence. Reason on file: GA selected FAS as a RELATED security because its canonical security name directly matches this event's themes: financial. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- PKB Invesco Building & Construction Etf
Invesco Building & Construction Etf (PKB) is linked, with no stored direction, medium confidence in the 16 Sep 2026 story “Fed raises rates but construction has a bigger problem.” Reason on file: GA selected PKB as a RELATED security because its canonical security name directly matches this event's themes: construction. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
How “Fed raises rates but construction has a bigger problem” reaches Direxion Daily Financial Bull 3X Etf (FAS)
On 16 Sep 2026, “Fed raises rates but construction has a bigger problem” is the story that connects Direxion Daily Financial Bull 3X Etf (FAS) to this story.
What ties Direxion Daily Financial Bull 3X Etf (FAS) to the headline is this: GA selected FAS as a RELATED security because its canonical security name directly matches this event's themes: financial. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
A second company, Invesco Building & Construction Etf (PKB), is listed for a different reason: GA selected PKB as a RELATED security because its canonical security name directly matches this event's themes: construction. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
Price levels for Direxion Daily Financial Bull 3X Etf (FAS)
FAS traded between 136.16 and 161.95 across 20 sessions. The latest close on file is 152.93. PKB traded between 86.54 and 94.29 across 20 sessions. The latest close on file is 87.06.
How solid “Fed raises rates but construction has a bigger problem” looks
33 out of 100
“Fed raises rates but construction has a bigger problem” scores 33 out of 100. The score uses 2 linked companies.