Fed’s preferred gauge showed core inflation at 3.0% in August, much lighter than expected
Published . Updated .
The personal consumption expenditures price index was projected to show an annual gain of 3.7% on headline and 3.3% for core, according to the Dow Jones consensus.
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
The personal consumption expenditures price index was projected to show an annual gain of 3.7% on headline and 3.3% for core, according to the Dow Jones consensus.
Source: CNBC Top
The price since 30 Sep 2026: United States Gasoline Fund (UGA) versus the S&P 500
Since the first closing price after “Fed’s preferred gauge showed core inflation at 3.0% in August, much lighter than expected,” United States Gasoline Fund (UGA) is -6.10%. The S&P 500 fund (SPY) is +0.33% over the same days, a -6.43% difference versus the market.
Who gains and who loses around United States Gasoline Fund (UGA)
Companies mentioned with this story
- UGA United States Gasoline Fund
United States Gasoline Fund (UGA) is linked, with no stored direction, medium confidence in the 30 Sep 2026 story “Fed’s preferred gauge showed core inflation at 3.0% in August, much lighter than expected.” 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 “Fed’s preferred gauge showed core inflation at 3.0% in August, much lighter than expected,” 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 30 Sep 2026 story “Fed’s preferred gauge showed core inflation at 3.0% in August, much lighter than expected.” 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
In “Fed’s preferred gauge showed core inflation at 3.0% in August, much lighter than expected,” 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
Spdr Series Trust (XME) is linked, with no stored direction, medium confidence in the 30 Sep 2026 story “Fed’s preferred gauge showed core inflation at 3.0% in August, much lighter than expected.” 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 “Fed’s preferred gauge showed core inflation at 3.0% in August, much lighter than expected,” 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 30 Sep 2026 story “Fed’s preferred gauge showed core inflation at 3.0% in August, much lighter than expected.” Reason on file: Higher fuel and transport costs can propagate into commodity inputs, consumer margins, credit conditions, and interest-rate expectations
- HYG Ishares Tr
Ishares Tr (HYG) is linked, with no stored direction, medium confidence in the 30 Sep 2026 story “Fed’s preferred gauge showed core inflation at 3.0% in August, much lighter than expected.” 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)
On 30 Sep 2026, “Fed’s preferred gauge showed core inflation at 3.0% in August, much lighter than expected” is the story that connects United States Gasoline Fund (UGA) to this story.
For United States Gasoline Fund (UGA), the reason on file says 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
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.
How strong the case is around United States Gasoline Fund (UGA)
46 out of 100
“Fed’s preferred gauge showed core inflation at 3.0% in August, much lighter than expected” scores 46 out of 100. The score uses 1 sources, and 21 linked companies.