Harris Says Hot Economy Driving Hot Inflation, Fed Has a Lot More Work to Do on Rate Hikes
Published . Updated .
Key takeaways
- “Ethan on the Economy” author says another month of bigger than forecast CPI increases show show Fed moving too slowly, policy not restricive yet,
- Exposed: TLT, IEF, TIP, JPM, BAC
- Market reaction: TLT −0.5% on the day (still updating); IEF −0.3% on the day (still updating); DHI −1.9% on the day (still updating)
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“Ethan on the Economy” author says another month of bigger than forecast CPI increases show show Fed moving too slowly, policy not restricive yet,
Directly affected
- No company is named in this report.
Indirectly affected
- TLT iShares 20+ Year Treasury Bond ETF-1.2% 19d
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% 19d
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% 19d
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.
- DHI D.R. Horton+6.8% 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+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.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| TLT | +1.08% | +1.27% | base | -0.48% | after close | after close | after close |
| IEF | +0.67% | +0.89% | base | -0.28% | after close | after close | after close |
| TIP | +0.74% | +0.94% | base | -0.05% | after close | after close | after close |
| JPM | +2.98% | -2.21% | base | -0.11% | after close | after close | after close |
| BAC | +1.83% | -2.53% | base | -0.28% | after close | after close | after close |
| DHI | +4.91% | +1.71% | base | -1.88% | after close | after close | after close |
| SCHW | +0.36% | -1.66% | base | -0.84% | after close | after close | after close |
| WMT | +2.97% | -0.02% | base | -1.30% | after close | after close | after 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.
Harris Says Hot Economy Driving Hot Inflation, Fed Has a Lot More Work to Do on Rate Hikes Kathleen Hays Presents: Central Bank Central
Ishares Tr (TLT) since this story, compared with the market
| Company | When | Move | Status |
|---|---|---|---|
| Bank Of America (BAC) | that day | -0.28% | still updating |
| Bank Of America (BAC) | three days earlier | -2.53% | final price |
| Bank Of America (BAC) | five days earlier | +1.83% | final price |
| Horton D R (DHI) | that day | -1.88% | still updating |
| Horton D R (DHI) | three days earlier | +1.71% | final price |
| Horton D R (DHI) | five days earlier | +4.91% | final price |
| Ishares Tr (IEF) | that day | -0.28% | still updating |
| Ishares Tr (IEF) | three days earlier | +0.89% | final price |
| Ishares Tr (IEF) | five days earlier | +0.67% | final price |
| Jpmorgan Chase (JPM) | that day | -0.11% | still updating |
| Jpmorgan Chase (JPM) | three days earlier | -2.21% | final price |
| Jpmorgan Chase (JPM) | five days earlier | +2.98% | final price |
| Schwab Charles (SCHW) | that day | -0.84% | still updating |
| Schwab Charles (SCHW) | three days earlier | -1.66% | final price |
| Schwab Charles (SCHW) | five days earlier | +0.36% | final price |
| Ishares Tr (TIP) | that day | -0.05% | still updating |
| Ishares Tr (TIP) | three days earlier | +0.94% | final price |
| Ishares Tr (TIP) | five days earlier | +0.74% | final price |
| Ishares Tr (TLT) | that day | -0.48% | still updating |
| Ishares Tr (TLT) | three days earlier | +1.27% | final price |
| Ishares Tr (TLT) | five days earlier | +1.08% | final price |
| Walmart (WMT) | that day | -1.30% | still updating |
| Walmart (WMT) | three days earlier | -0.02% | final price |
| Walmart (WMT) | five days earlier | +2.97% | final price |
Trades by members of Congress and officials in the stocks in this story
- Sen. John Boozman bought Ishares Tr (IEF) (jointly held), worth $1,001 - $15,000 on 9 Sep 2026. That is 63 days before publication. Filed 21 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Jpmorgan Chase (JPM) (held by a dependent child), worth $1,001 - $15,000 on 15 Oct 2026. That is 27 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Rohit Khanna bought Jpmorgan Chase (JPM) (held by a spouse), worth $100,001 - $250,000 on 8 Oct 2026. That is 34 days before publication. Filed 5 Nov 2026. View the filing.
- Sen. Sheldon Whitehouse sold Jpmorgan Chase (JPM) (held by a spouse), worth $15,001 - $50,000 on 4 Sep 2026. That is 68 days before publication. Filed 1 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Bank Of America (BAC) (held by a spouse), worth $1,001 - $15,000 on 20 Oct 2026. That is 22 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Rohit Khanna sold Bank Of America (BAC) (held by a dependent child), worth $1,001 - $15,000 on 13 Oct 2026. That is 29 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Rohit Khanna sold Bank Of America (BAC) (held by a spouse), worth $1,001 - $15,000 on 9 Sep 2026. That is 63 days before publication. Filed 7 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Horton D R (DHI), worth $15,001 - $50,000 on 17 Aug 2026. That is 86 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Walmart (WMT) (held by a dependent child), worth $15,001 - $50,000 on 13 Oct 2026. That is 29 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Rohit Khanna sold Walmart (WMT) (held by a spouse), worth $1,001 - $15,000 on 7 Oct 2026. That is 35 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Pete Sessions sold Walmart (WMT) (held by a spouse), worth $50,001 - $100,000 on 2 Oct 2026. That is 40 days before publication. Filed 27 Oct 2026. View the filing.
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 carried with this story
- TLT Ishares Tr
Ishares Tr (TLT) is linked, with no stored direction, medium confidence in the 11 Nov 2026 story “Harris Says Hot Economy Driving Hot Inflation, Fed Has a Lot More Work to Do on Rate Hikes.” 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
For “Harris Says Hot Economy Driving Hot Inflation, Fed Has a Lot More Work to Do on Rate Hikes,” Ishares Tr (IEF) is linked, with no stored direction, medium confidence. 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
For “Harris Says Hot Economy Driving Hot Inflation, Fed Has a Lot More Work to Do on Rate Hikes,” 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
- JPM Jpmorgan Chase
In “Harris Says Hot Economy Driving Hot Inflation, Fed Has a Lot More Work to Do on Rate Hikes,” 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
- BAC Bank Of America
For “Harris Says Hot Economy Driving Hot Inflation, Fed Has a Lot More Work to Do on Rate Hikes,” 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
- DHI Horton D R
For “Harris Says Hot Economy Driving Hot Inflation, Fed Has a Lot More Work to Do on Rate Hikes,” Horton D R (DHI) is linked, with no stored direction, medium confidence. Reason on file: D.R. Horton (operative builders): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story
- SCHW Schwab Charles
Schwab Charles (SCHW) is linked, with no stored direction, medium confidence in the 11 Nov 2026 story “Harris Says Hot Economy Driving Hot Inflation, Fed Has a Lot More Work to Do on Rate Hikes.” Reason on file: 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
In “Harris Says Hot Economy Driving Hot Inflation, Fed Has a Lot More Work to Do on Rate Hikes,” 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
Ishares Tr (TLT)
The 11 Nov 2026 story “Harris Says Hot Economy Driving Hot Inflation, Fed Has a Lot More Work to Do on Rate Hikes” names Ishares Tr (TLT) because of this 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
Ishares Tr (IEF) is here too. Its reason reads: 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 90.69 across 16 sessions. The latest close on file is 90.08. TIP traded between 103.77 and 105.61 across 16 sessions. The latest close on file is 105.27. TLT traded between 76.44 and 80.56 across 16 sessions. The latest close on file is 79.46.
A simple score for Ishares Tr (TLT)
46 out of 100Price not final
“Harris Says Hot Economy Driving Hot Inflation, Fed Has a Lot More Work to Do on Rate Hikes” scores 46 out of 100. The score uses 1 sources, and 8 linked companies. The price is not final yet.