Schmid Says Fed Has More Work To Do to Bring Down Inflation
Published . Updated .
Covered by 2 outlets: Bloomberg, Bloomberg Law News.
Who covered it: Center 1 · Not rated 1. How we rate outlets
Key takeaways
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Federal Reserve Bank of Kansas City President Jeff Schmid said inflation is running too hot and that policymakers have more work to do.
Directly affected
- No company is named in this report.
Indirectly affected
- TIP iShares TIPS Bond ETF+1.1% 16d
iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story.
- XLP Consumer Staples Select Sector SPDR-1.5% 6d
Consumer Staples Select Sector SPDR: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story.
- TLT iShares 20+ Year Treasury Bond ETF+1.1% 16d
iShares 20+ Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “fed” (US interest rates) in this story.
- BAC Bank of America-10.5% 30d
Bank of America (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story.
- JPM JPMorgan Chase+0.4% 30d
JPMorgan Chase (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story.
- WMT Walmart+18.8% 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+18.6% 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+16.0% 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
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| TIP | +1.37% | +0.64% | base | after close | after close | after close | after close |
| XLPNo price data for this ticker | — | — | — | — | — | — | — |
| TLT | +3.26% | +1.97% | base | after close | after close | after close | after close |
| BAC | -0.84% | -0.69% | base | after close | after close | after close | after close |
| JPM | -1.26% | -0.84% | base | after close | after close | after close | after close |
| WMT | -1.96% | -1.88% | base | after close | after close | after close | after close |
| COST | -3.62% | -1.75% | base | after close | after close | after close | after close |
| PG | -0.85% | -1.29% | base | after close | 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.
Schmid Says Fed Has More Work To Do to Bring Down Inflation Bloomberg.com
Source: Bloomberg
Ishares Tr (TLT) since this story, compared with the market
| Company | When | Move | Status |
|---|---|---|---|
| Bank Of America (BAC) | three days earlier | -0.69% | final price |
| Bank Of America (BAC) | five days earlier | -0.84% | final price |
| Costco Wholesale (COST) | three days earlier | -1.75% | final price |
| Costco Wholesale (COST) | five days earlier | -3.62% | final price |
| Jpmorgan Chase (JPM) | three days earlier | -0.84% | final price |
| Jpmorgan Chase (JPM) | five days earlier | -1.26% | final price |
| Procter & Gamble (PG) | three days earlier | -1.29% | final price |
| Procter & Gamble (PG) | five days earlier | -0.85% | final price |
| Ishares Tr (TIP) | three days earlier | +0.64% | final price |
| Ishares Tr (TIP) | five days earlier | +1.37% | final price |
| Ishares Tr (TLT) | three days earlier | +1.97% | final price |
| Ishares Tr (TLT) | five days earlier | +3.26% | final price |
| Walmart (WMT) | three days earlier | -1.88% | final price |
| Walmart (WMT) | five days earlier | -1.96% | final price |
Congressional trades in the stocks in this story
- Rep. Rohit Khanna bought Bank Of America (BAC) (held by a spouse), worth $1,001 - $15,000 on 20 Oct 2026. That is 26 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 33 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 67 days before publication. Filed 7 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 31 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 38 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 72 days before publication. Filed 1 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 33 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 39 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 44 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Pete Sessions sold Costco Wholesale (COST), worth $100,001 - $250,000 on 13 Oct 2026. That is 33 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Costco Wholesale (COST) (held by a spouse), worth $1,001 - $15,000 on 12 Oct 2026. That is 34 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Rohit Khanna bought Costco Wholesale (COST) (held by a spouse), worth $1,001 - $15,000 on 7 Oct 2026. That is 39 days before publication. Filed 5 Nov 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 “Schmid Says Fed Has More Work To Do to Bring Down Inflation”
Companies tied to this story
- TLT Ishares Tr
In “Schmid Says Fed Has More Work To Do to Bring Down Inflation,” 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
In “Schmid Says Fed Has More Work To Do to Bring Down Inflation,” 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 “Schmid Says Fed Has More Work To Do to Bring Down Inflation,” 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
Walmart (WMT) is linked, with no stored direction, medium confidence in the 15 Nov 2026 story “Schmid Says Fed Has More Work To Do to Bring Down Inflation.” 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
For “Schmid Says Fed Has More Work To Do to Bring Down Inflation,” 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
For “Schmid Says Fed Has More Work To Do to Bring Down Inflation,” Costco Wholesale (COST) is linked, with no stored direction, medium confidence. 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
Bank Of America (BAC) is linked, with no stored direction, medium confidence in the 15 Nov 2026 story “Schmid Says Fed Has More Work To Do to Bring Down Inflation.” 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 “Schmid Says Fed Has More Work To Do to Bring Down Inflation,” 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
How “Schmid Says Fed Has More Work To Do to Bring Down Inflation” reaches Ishares Tr (TLT)
Ishares Tr (TLT) is the company in “Schmid Says Fed Has More Work To Do to Bring Down Inflation,” the 15 Nov 2026 this story story.
Ishares Tr (TLT) is on the page because iShares 20+ Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “fed” (US interest rates) in this story
A second company, Ishares Tr (IEF), is listed for a different reason: iShares 7-10 Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “fed” (US interest rates) in this story
The price range for Ishares Tr (TLT), and the dates in the story
IEF traded between 88.67 and 90.69 across 12 sessions. The latest close on file is 90.08. TIP traded between 103.81 and 105.61 across 12 sessions. The latest close on file is 105.27. TLT traded between 76.44 and 80.56 across 12 sessions. The latest close on file is 79.46.
A simple score for Ishares Tr (TLT)
54 out of 100
“Schmid Says Fed Has More Work To Do to Bring Down Inflation” scores 54 out of 100. The score uses 2 sources, and 8 linked companies.