How AI and inflation are fueling fears of Fed hikes ahead
Published . Updated .
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Expectations of a Fed increase in December are strengthening, while AI investment is worsening the inflation outlook – potentially spelling bad news for mortgage rates
Directly affected
- No company is named in this report.
Indirectly affected
- QQQ Invesco QQQ-9.8% 30d
Invesco QQQ: it holds the big tech and AI names. Linked by “ai” (AI and big tech) in this story.
- AIQ Global X Artificial Intelligence & Technology ETF-5.7% 13d
Global X Artificial Intelligence & Technology ETF: it holds the big tech and AI names. Linked by “ai” (AI and big tech) in this story.
- 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.
- TIP iShares TIPS Bond ETF-0.3% 30d
iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story.
- MSFT Microsoft+4.1% 30d
Microsoft (prepackaged software): big tech's AI spending and demand drive its shares. Linked by “ai” (AI and big tech) 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.
- GOOGL Alphabet-15.6% 30d
Alphabet (computer programming, data processing, etc.): big tech's AI spending and demand drive its shares. Linked by “ai” (AI and big tech) 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.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| QQQ | +3.80% | +5.39% | base | +3.80% | after close | after close | after close |
| AIQ | +3.81% | +5.20% | base | +3.27% | after close | after close | after close |
| TLT | -0.24% | -0.19% | base | +0.04% | after close | after close | after close |
| TIP | +0.09% | -0.20% | base | -0.25% | after close | after close | after close |
| MSFT | -4.44% | +4.80% | base | +3.24% | after close | after close | after close |
| JPM | +1.86% | +5.31% | base | +2.46% | after close | after close | after close |
| GOOGL | -1.99% | +1.50% | base | +1.20% | after close | after close | after close |
| BAC | +0.30% | +4.48% | base | +2.87% | 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.
How AI and inflation are fueling fears of Fed hikes ahead Mortgage Professional America
Source: Mortgage Professional America
Price since this story was published: Invesco Qqq Trust, Series 1 (QQQ)
| Company | When | Move | Status |
|---|---|---|---|
| Global X Fds (AIQ) | that day | +3.27% | final price |
| Global X Fds (AIQ) | three days earlier | +5.20% | final price |
| Global X Fds (AIQ) | five days earlier | +3.81% | final price |
| Bank Of America (BAC) | that day | +2.87% | final price |
| Bank Of America (BAC) | three days earlier | +4.48% | final price |
| Bank Of America (BAC) | five days earlier | +0.30% | final price |
| Alphabet (GOOGL) | that day | +1.20% | final price |
| Alphabet (GOOGL) | three days earlier | +1.50% | final price |
| Alphabet (GOOGL) | five days earlier | -1.99% | final price |
| Jpmorgan Chase (JPM) | that day | +2.46% | final price |
| Jpmorgan Chase (JPM) | three days earlier | +5.31% | final price |
| Jpmorgan Chase (JPM) | five days earlier | +1.86% | final price |
| Microsoft (MSFT) | that day | +3.24% | final price |
| Microsoft (MSFT) | three days earlier | +4.80% | final price |
| Microsoft (MSFT) | five days earlier | -4.44% | final price |
| Invesco Qqq Trust, Series 1 (QQQ) | that day | +3.80% | final price |
| Invesco Qqq Trust, Series 1 (QQQ) | three days earlier | +5.39% | final price |
| Invesco Qqq Trust, Series 1 (QQQ) | five days earlier | +3.80% | final price |
| Ishares Tr (TIP) | that day | -0.25% | final price |
| Ishares Tr (TIP) | three days earlier | -0.20% | final price |
| Ishares Tr (TIP) | five days earlier | +0.09% | final price |
| Ishares Tr (TLT) | that day | +0.04% | final price |
| Ishares Tr (TLT) | three days earlier | -0.19% | final price |
| Ishares Tr (TLT) | five days earlier | -0.24% | final price |
Congressional trades in the stocks in this story
- Sen. Shelley M Capito sold Microsoft (MSFT) (held by a spouse), worth $1,001 - $15,000 on 21 Oct 2026. That is 19 days before publication. Filed 4 Nov 2026. View the filing.
- Sen. Sheldon Whitehouse sold Microsoft (MSFT) (held by a spouse), worth $1,001 - $15,000 on 15 Oct 2026. That is 25 days before publication. Filed 2 Nov 2026. View the filing.
- Rep. Pete Sessions sold Microsoft (MSFT) (held by a spouse), worth $250,001 - $500,000 on 2 Oct 2026. That is 38 days before publication. Filed 27 Oct 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 66 days before publication. Filed 1 Oct 2026. View the filing.
- Sen. Sheldon Whitehouse sold Jpmorgan Chase (JPM), worth $15,001 - $50,000 on 4 Sep 2026. That is 66 days before publication. Filed 1 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Jpmorgan Chase (JPM) (held by a spouse), worth $100,001 - $250,000 on 27 Aug 2026. That is 74 days before publication. Filed 4 Sep 2026. View the filing.
- Rep. Pete Sessions sold Alphabet (GOOGL), worth $15,001 - $50,000 on 14 Sep 2026. That is 56 days before publication. Filed 18 Sep 2026. View the filing.
- Rep. Rohit Khanna sold Alphabet (GOOGL) (held by a spouse), worth $1,001 - $15,000 on 4 Sep 2026. That is 66 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Thomas H. Kean Jr sold Alphabet (GOOGL), worth $1,001 - $15,000 on 27 Aug 2026. That is 74 days before publication. Filed 12 Sep 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 61 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Laurel Lee sold Bank Of America (BAC) (held by a spouse), worth $50,001 - $100,000 on 24 Aug 2026. That is 77 days before publication. Filed 16 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 is named in “How AI and inflation are fueling fears of Fed hikes ahead”
Companies mentioned with this story
- QQQ Invesco Qqq Trust, Series 1
In “How AI and inflation are fueling fears of Fed hikes ahead,” Invesco Qqq Trust, Series 1 (QQQ) is linked, with no stored direction, medium confidence. Reason on file: Invesco QQQ: it holds the big tech and AI names. Linked by “ai” (AI and big tech) in this story
- AIQ Global X Fds
In “How AI and inflation are fueling fears of Fed hikes ahead,” Global X Fds (AIQ) is linked, with no stored direction, medium confidence. Reason on file: Global X Artificial Intelligence & Technology ETF: it holds the big tech and AI names. Linked by “ai” (AI and big tech) in this story
- TLT Ishares Tr
In “How AI and inflation are fueling fears of Fed hikes ahead,” 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
- TIP Ishares Tr
Ishares Tr (TIP) is linked, with no stored direction, medium confidence in the 9 Nov 2026 story “How AI and inflation are fueling fears of Fed hikes ahead.” Reason on file: iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story
- MSFT Microsoft
For “How AI and inflation are fueling fears of Fed hikes ahead,” Microsoft (MSFT) is linked, with no stored direction, medium confidence. Reason on file: Microsoft (prepackaged software): big tech's AI spending and demand drive its shares. Linked by “ai” (AI and big tech) in this story
- JPM Jpmorgan Chase
For “How AI and inflation are fueling fears of Fed hikes ahead,” 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
- GOOGL Alphabet
Alphabet (GOOGL) is linked, with no stored direction, medium confidence in the 9 Nov 2026 story “How AI and inflation are fueling fears of Fed hikes ahead.” Reason on file: Alphabet (computer programming, data processing, etc.): big tech's AI spending and demand drive its shares. Linked by “ai” (AI and big tech) in this story
- BAC Bank Of America
Bank Of America (BAC) is linked, with no stored direction, medium confidence in the 9 Nov 2026 story “How AI and inflation are fueling fears of Fed hikes ahead.” 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
How “How AI and inflation are fueling fears of Fed hikes ahead” reaches Invesco Qqq Trust, Series 1 (QQQ)
Invesco Qqq Trust, Series 1 (QQQ) is the company in “How AI and inflation are fueling fears of Fed hikes ahead,” the 9 Nov 2026 this story story.
The link for Invesco Qqq Trust, Series 1 (QQQ) is this: Invesco QQQ: it holds the big tech and AI names. Linked by “ai” (AI and big tech) in this story
Also listed, Global X Fds (AIQ): Global X Artificial Intelligence & Technology ETF: it holds the big tech and AI names. Linked by “ai” (AI and big tech) in this story
Dates and price levels for Invesco Qqq Trust, Series 1 (QQQ)
AIQ traded between 61.70 and 67.40 across 11 sessions. The latest close on file is 62.94. QQQ traded between 680.34 and 757.18 across 20 sessions. The latest close on file is 685.32. TLT traded between 76.44 and 80.56 across 16 sessions. The latest close on file is 79.46.
A simple score for Invesco Qqq Trust, Series 1 (QQQ)
46 out of 100
“How AI and inflation are fueling fears of Fed hikes ahead” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.