Geopolitics Alpha

US NEW YORK FED: CONSUMER 5-YEAR INFLATION EXPECTATION 3.00% IN OCTOBER, 3.00% IN SEPTEMBER, 3.01% IN AUGUST, 3.02% IN JULY

Published . Updated .

Key takeaways

  • Select market data provided by ICE Data Services .
  • Exposed: TLT, IEF, TIP, XRT, WMT
  • Market reaction: IEF −0.1% on the day; TLT +0.0% on the day; XRT +3.7% on the day

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US NEW YORK FED: CONSUMER 5-YEAR INFLATION EXPECTATION 3.00% IN OCTOBER, 3.00% IN SEPTEMBER, 3.01% IN AUGUST, 3.02% IN JULY

Select market data provided by ICE Data Services . Select reference data provided by FactSet. Copyright © 2026 FactSet Research Systems Inc. Copyright © 2026, American Bankers Association. CUSIP Database provided by FactSet Research Systems Inc. All rights reserved. SEC filings

Directly affected

  • FDS Factset Research Systems

    Named in this report.

Indirectly affected

  • 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.

  • IEF iShares 7-10 Year Treasury Bond ETF-1.2% 30d

    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-0.3% 30d

    iShares TIPS Bond ETF: 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+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.

  • 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.

  • COST Costco Wholesale+14.1% 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.

  • 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

TickerT-5T-3T-1T0T+1T+2T+3
FDS+4.91%+4.43%base-0.40%after closeafter closeafter close
TLT-0.24%-0.19%base+0.04%after closeafter closeafter close
IEF-0.38%-0.22%base-0.05%after closeafter closeafter close
TIP+0.09%-0.20%base-0.25%after closeafter closeafter close
XRT+1.17%+4.73%base+3.68%after closeafter closeafter close
WMT+1.78%+2.99%base+0.11%after closeafter closeafter close
JPM+1.86%+5.31%base+2.46%after closeafter closeafter close
COST-1.21%-0.66%base+1.23%after closeafter closeafter close
BAC+0.30%+4.48%base+2.87%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.

US NEW YORK FED: CONSUMER 5-YEAR INFLATION EXPECTATION 3.00% IN OCTOBER, 3.00% IN SEPTEMBER, 3.01% IN AUGUST, 3.02% IN JULY TradingView

Source: TradingView

How far Ishares Tr (TLT) has moved since 9 Nov 2026

CompanyWhenMoveStatus
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
Costco Wholesale (COST)that day+1.23%final price
Costco Wholesale (COST)three days earlier-0.66%final price
Costco Wholesale (COST)five days earlier-1.21%final price
FDSthat day-0.40%final price
FDSthree days earlier+4.43%final price
FDSfive days earlier+4.91%final price
Ishares Tr (IEF)that day-0.05%final price
Ishares Tr (IEF)three days earlier-0.22%final price
Ishares Tr (IEF)five days earlier-0.38%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
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
Walmart (WMT)that day+0.11%final price
Walmart (WMT)three days earlier+2.99%final price
Walmart (WMT)five days earlier+1.78%final price
Spdr Series Trust (XRT)that day+3.68%final price
Spdr Series Trust (XRT)three days earlier+4.73%final price
Spdr Series Trust (XRT)five days earlier+1.17%final price

Congressional trades 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).

Who gains and who loses around Ishares Tr (TLT)

Companies mentioned with this story

  • TLT Ishares Tr

    In “US NEW YORK FED: CONSUMER 5-YEAR INFLATION EXPECTATION 3.00% IN OCTOBER, 3.00% IN SEPTEMBER, 3.01% IN AUGUST, 3.02% IN JULY,” 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 “US NEW YORK FED: CONSUMER 5-YEAR INFLATION EXPECTATION 3.00% IN OCTOBER, 3.00% IN SEPTEMBER, 3.01% IN AUGUST, 3.02% IN JULY,” 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

    In “US NEW YORK FED: CONSUMER 5-YEAR INFLATION EXPECTATION 3.00% IN OCTOBER, 3.00% IN SEPTEMBER, 3.01% IN AUGUST, 3.02% IN JULY,” 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

  • XRT Spdr Series Trust

    Spdr Series Trust (XRT) is linked, with no stored direction, medium confidence in the 9 Nov 2026 story “US NEW YORK FED: CONSUMER 5-YEAR INFLATION EXPECTATION 3.00% IN OCTOBER, 3.00% IN SEPTEMBER, 3.01% IN AUGUST, 3.02% IN JULY.” Reason on file: SPDR S&P Retail ETF: it holds retailers. Linked by “consumer” (retail and consumer goods) in this story

  • WMT Walmart

    In “US NEW YORK FED: CONSUMER 5-YEAR INFLATION EXPECTATION 3.00% IN OCTOBER, 3.00% IN SEPTEMBER, 3.01% IN AUGUST, 3.02% IN JULY,” 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

  • JPM Jpmorgan Chase

    In “US NEW YORK FED: CONSUMER 5-YEAR INFLATION EXPECTATION 3.00% IN OCTOBER, 3.00% IN SEPTEMBER, 3.01% IN AUGUST, 3.02% IN JULY,” 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

    Costco Wholesale (COST) is linked, with no stored direction, medium confidence in the 9 Nov 2026 story “US NEW YORK FED: CONSUMER 5-YEAR INFLATION EXPECTATION 3.00% IN OCTOBER, 3.00% IN SEPTEMBER, 3.01% IN AUGUST, 3.02% IN JULY.” 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

    In “US NEW YORK FED: CONSUMER 5-YEAR INFLATION EXPECTATION 3.00% IN OCTOBER, 3.00% IN SEPTEMBER, 3.01% IN AUGUST, 3.02% IN JULY,” 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

Ishares Tr (TLT)

The 9 Nov 2026 story “US NEW YORK FED: CONSUMER 5-YEAR INFLATION EXPECTATION 3.00% IN OCTOBER, 3.00% IN SEPTEMBER, 3.01% IN AUGUST, 3.02% IN JULY” 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

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

Price levels for Ishares Tr (TLT)

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 100

“US NEW YORK FED: CONSUMER 5-YEAR INFLATION EXPECTATION 3.00% IN OCTOBER, 3.00% IN SEPTEMBER, 3.01% IN AUGUST, 3.02% IN JULY” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.