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Goolsbee Warns Inflation Persists, Fed May Act

Published . Updated .

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Goolsbee Warns Inflation Persists, Fed May Act

Chicago Fed President Austan Goolsbee says inflation is proving persistent and signals the Fed will likely need more rate hikes to restore credibility.

Directly affected

  • No company is named in this report.

Indirectly affected

  • TLT iShares 20+ Year Treasury Bond ETF+0.2% 17d

    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+0.1% 17d

    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+0.7% 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): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story.

  • BAC Bank of America-12.4% 30d

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

  • DHI D.R. Horton+2.1% 30d

    D.R. Horton (operative builders): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story.

  • SCHW The Charles Schwab

    The Charles Schwab (security brokers, dealers and flotation companies): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) 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

TickerT-5T-3T-1T0T+1T+2T+3
TLT+2.75%+1.45%base-0.30%after closeafter closeafter close
IEF+1.79%+0.89%base-0.04%after closeafter closeafter close
TIP+1.44%+0.49%base-0.09%after closeafter closeafter close
JPM-2.42%-0.21%base+0.36%after closeafter closeafter close
BAC-2.23%+0.32%base+0.15%after closeafter closeafter close
DHIPrices arriving within minutes———after closeafter closeafter closeafter close
SCHWPrices arriving within minutes———after closeafter closeafter closeafter close
WMT-0.55%-0.53%base+1.14%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.

Goolsbee Warns Inflation Persists, Fed May Act Briefs Finance

Source: Briefs Finance

This story

CompanyWhenMoveStatus
BACthat day+0.15%still updating
BACthree days earlier+0.32%final price
BACfive days earlier-2.23%final price
IEFthat day-0.04%still updating
IEFthree days earlier+0.89%final price
IEFfive days earlier+1.79%final price
JPMthat day+0.36%still updating
JPMthree days earlier-0.21%final price
JPMfive days earlier-2.42%final price
TIPthat day-0.09%still updating
TIPthree days earlier+0.49%final price
TIPfive days earlier+1.44%final price
TLTthat day-0.30%still updating
TLTthree days earlier+1.45%final price
TLTfive days earlier+2.75%final price
WMTthat day+1.14%still updating
WMTthree days earlier-0.53%final price
WMTfive days earlier-0.55%final price

Trades by members of Congress and officials 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 “Goolsbee Warns Inflation Persists, Fed May Act” looks

12 out of 100Price not final

“Goolsbee Warns Inflation Persists, Fed May Act” scores 12 out of 100. The score uses 1 sources. The price is not final yet.