Geopolitics Alpha

Fed’s Hammack backs restrictive rates, cites persistent inflation pressures

Published . Updated .

Key takeaways

  • Exposed: TLT, IEF, TIP, WMT, JPM
  • Market reaction: IEF +0.4% on the day; TLT +0.2% on the day; JPM −4.3% on the day

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GEOPOLITICS ALPHAFed’s Hammack backs restrictiverates, cites persistent inflationpressuresGEOPOLITICS ALPHA

This report is about US interest rates and inflation and prices.

Directly affected

  • No company is named in this report.

Indirectly affected

  • TLT iShares 20+ Year Treasury Bond ETF-2.8% 30d

    iShares 20+ Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “fed” (US interest rates) in this story.

  • IEF iShares 7-10 Year Treasury Bond ETF-1.3% 30d

    iShares 7-10 Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “fed” (US interest rates) in this story.

  • TIP iShares TIPS Bond ETF-0.4% 30d

    iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story.

  • JPM JPMorgan Chase+0.1% 30d

    JPMorgan Chase (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story.

  • BAC Bank of America-11.4% 30d

    Bank of America (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story.

  • WMT Walmart+20.2% 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.

  • COST Costco Wholesale+16.7% 30d

    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.

  • PG The Procter & Gamble+12.8% 30d

    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.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
TLT-0.35%-0.05%base+0.18%after closeafter closeafter close
IEF-0.44%-0.16%base+0.38%after closeafter closeafter close
TIP+0.35%+0.29%base+0.26%after closeafter closeafter close
JPM-2.45%-3.27%base-4.29%after closeafter closeafter close
BAC-0.95%-4.00%base-3.07%after closeafter closeafter close
WMT-6.18%-1.18%base-0.62%after closeafter closeafter close
COST-4.84%-0.56%base+1.89%after closeafter closeafter close
PG-4.06%-2.25%base-0.48%after closeafter closeafter 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.

Fed’s Hammack backs restrictive rates, cites persistent inflation pressures Investing.com

Source: Investing.com

Price since this story was published: Ishares Tr (TLT)

CompanyWhenMoveStatus
Bank Of America (BAC)that day-3.07%final price
Bank Of America (BAC)three days earlier-4.00%final price
Bank Of America (BAC)five days earlier-0.95%final price
Costco Wholesale (COST)that day+1.89%final price
Costco Wholesale (COST)three days earlier-0.56%final price
Costco Wholesale (COST)five days earlier-4.84%final price
Ishares Tr (IEF)that day+0.38%final price
Ishares Tr (IEF)three days earlier-0.16%final price
Ishares Tr (IEF)five days earlier-0.44%final price
Jpmorgan Chase (JPM)that day-4.29%final price
Jpmorgan Chase (JPM)three days earlier-3.27%final price
Jpmorgan Chase (JPM)five days earlier-2.45%final price
Procter & Gamble (PG)that day-0.48%final price
Procter & Gamble (PG)three days earlier-2.25%final price
Procter & Gamble (PG)five days earlier-4.06%final price
Ishares Tr (TIP)that day+0.26%final price
Ishares Tr (TIP)three days earlier+0.29%final price
Ishares Tr (TIP)five days earlier+0.35%final price
Ishares Tr (TLT)that day+0.18%final price
Ishares Tr (TLT)three days earlier-0.05%final price
Ishares Tr (TLT)five days earlier-0.35%final price
Walmart (WMT)that day-0.62%final price
Walmart (WMT)three days earlier-1.18%final price
Walmart (WMT)five days earlier-6.18%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).

Who gains and who loses around Ishares Tr (TLT)

Companies tied to this story

  • TLT Ishares Tr

    In “Fed’s Hammack backs restrictive rates, cites persistent inflation pressures,” Ishares Tr (TLT) is linked, with no stored direction, medium confidence. Reason on file: iShares 20+ Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “fed” (US interest rates) in this story

  • IEF Ishares Tr

    Ishares Tr (IEF) is linked, with no stored direction, medium confidence in the 5 Nov 2026 story “Fed’s Hammack backs restrictive rates, cites persistent inflation pressures.” Reason on file: iShares 7-10 Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “fed” (US interest rates) in this story

  • TIP Ishares Tr

    In “Fed’s Hammack backs restrictive rates, cites persistent inflation pressures,” Ishares Tr (TIP) is linked, with no stored direction, medium confidence. Reason on file: iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story

  • WMT Walmart

    In “Fed’s Hammack backs restrictive rates, cites persistent inflation pressures,” 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 “Fed’s Hammack backs restrictive rates, cites persistent inflation pressures,” Jpmorgan Chase (JPM) is linked, with no stored direction, medium confidence. Reason on file: JPMorgan Chase (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story

  • COST Costco Wholesale

    Costco Wholesale (COST) is linked, with no stored direction, medium confidence in the 5 Nov 2026 story “Fed’s Hammack backs restrictive rates, cites persistent inflation pressures.” 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

    For “Fed’s Hammack backs restrictive rates, cites persistent inflation pressures,” Bank Of America (BAC) is linked, with no stored direction, medium confidence. Reason on file: Bank of America (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story

  • PG Procter & Gamble

    In “Fed’s Hammack backs restrictive rates, cites persistent inflation pressures,” 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

Ishares Tr (TLT)

Ishares Tr (TLT) is the company in “Fed’s Hammack backs restrictive rates, cites persistent inflation pressures,” the 5 Nov 2026 this story story.

For Ishares Tr (TLT), the reason on file says iShares 20+ Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “fed” (US interest rates) in this story

Also listed, Ishares Tr (IEF): iShares 7-10 Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “fed” (US interest rates) in this story

Dates in the story, and the Ishares Tr (TLT) price range

IEF traded between 88.64 and 91.23 across 20 sessions. The latest close on file is 90.08. TIP traded between 103.77 and 105.67 across 20 sessions. The latest close on file is 105.27. TLT traded between 76.44 and 81.94 across 20 sessions. The latest close on file is 79.46.

What the saved facts support for Ishares Tr (TLT)

46 out of 100

“Fed’s Hammack backs restrictive rates, cites persistent inflation pressures” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.