United States: Growth shrugs off inflation
Published . Updated .
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The US macroeconomic performance has seemingly been unaffected by the energy shock. GDP growth came in at 3.4% AR in Q3 2026 (up 0.8pp), its highest print since Q3 2025. This result was underpinned by buoyant private domestic demand. Consumer spending held at 3.8% AR, despite
Directly affected
- No company is named in this report.
Indirectly affected
- TIP iShares TIPS Bond ETF
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
Consumer Staples Select Sector SPDR: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story.
- XRT SPDR S&P Retail ETF
SPDR S&P Retail ETF: it holds retailers. Linked by “consumer” (retail and consumer goods) in this story.
- WMT Walmart
Walmart (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story.
- AMZN Amazon.com
Amazon.com (catalog and mail-order houses): retailers move with shopper spending and import costs. Linked by “consumer” (retail and consumer goods) in this story.
- COST Costco Wholesale
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
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.
- KO The Coca-Cola
The Coca-Cola (beverages): 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 | +1.44% | +0.49% | base | -0.10% | after close | after close | after close |
| XLP | -1.08% | -0.03% | base | +1.17% | after close | after close | after close |
| XRTPrices arriving within minutes | — | — | — | after close | after close | after close | after close |
| WMT | -0.55% | -0.53% | base | +1.11% | after close | after close | after close |
| AMZNPrices arriving within minutes | — | — | — | after close | after close | after close | after close |
| COST | -3.59% | -2.42% | base | +0.89% | after close | after close | after close |
| PG | -1.60% | +0.32% | base | +1.18% | after close | after close | after close |
| KO | -1.80% | -0.52% | base | +1.80% | 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.
United States: Growth shrugs off inflation Etudes Economiques – BNP Paribas
Source: Etudes Economiques – BNP Paribas
This story
| Company | When | Move | Status |
|---|---|---|---|
| COST | that day | +0.89% | still updating |
| COST | three days earlier | -2.42% | final price |
| COST | five days earlier | -3.59% | final price |
| KO | that day | +1.80% | still updating |
| KO | three days earlier | -0.52% | final price |
| KO | five days earlier | -1.80% | final price |
| PG | that day | +1.18% | still updating |
| PG | three days earlier | +0.32% | final price |
| PG | five days earlier | -1.60% | final price |
| TIP | that day | -0.10% | still updating |
| TIP | three days earlier | +0.49% | final price |
| TIP | five days earlier | +1.44% | final price |
| WMT | that day | +1.11% | still updating |
| WMT | three days earlier | -0.53% | final price |
| WMT | five days earlier | -0.55% | final price |
| XLP | that day | +1.17% | still updating |
| XLP | three days earlier | -0.03% | final price |
| XLP | five days earlier | -1.08% | final price |
Congressional trades in the stocks in this story
- Rep. Rohit Khanna bought Walmart (WMT) (held by a dependent child), worth $15,001 - $50,000 on 13 Oct 2026. That is 31 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 37 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 42 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Pete Sessions sold Amazon Com (AMZN), worth $15,001 - $50,000 on 27 Oct 2026. That is 17 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Pete Sessions sold Amazon Com (AMZN) (held by a spouse), worth $100,001 - $250,000 on 2 Oct 2026. That is 42 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Amazon Com (AMZN) (held by a spouse), worth $1,001 - $15,000 on 28 Aug 2026. That is 77 days before publication. Filed 14 Oct 2026. View the filing.
- Rep. Pete Sessions sold Costco Wholesale (COST), worth $100,001 - $250,000 on 13 Oct 2026. That is 31 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 32 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 37 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Maria Elvira Salazar bought Procter & Gamble (PG), worth $1,001 - $15,000 on 23 Oct 2026. That is 21 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. David J. Taylor sold Procter & Gamble (PG), worth $1,001 - $15,000 on 12 Oct 2026. That is 32 days before publication. Filed 15 Oct 2026. View the filing.
- Rep. Pete Sessions sold Procter & Gamble (PG), worth $1,001 - $15,000 on 8 Oct 2026. That is 36 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).
How solid “United States: Growth shrugs off inflation” looks
12 out of 100Price not final
“United States: Growth shrugs off inflation” scores 12 out of 100. The score uses 1 sources. The price is not final yet.