A busy week of data ahead includes inflation, consumer confidence, third-quarter GDP and big earnings reports, arriving just weeks before the Nov. 3 midterm elections. Consumer confidence is expected to keep weakening in October after plunging in September to its lowest level in more than a decade, as higher gas and grocery costs squeeze household budgets. The Fed is expected to hold its benchmark rate steady at the meeting ending Wednesday, following a hike in September, though Wall Street still expects one more hike in December. Economists forecast GDP growth of 1.7% in the third quarter, down from 2.2% in the second, and the PCE inflation measure, the Fed's preferred gauge, is expected to rise to 3.7% from 3.4% in August. The U.S. war with Iran has essentially shut down the Strait of Hormuz and squeezed global oil supplies, pushing up gasoline and shipping costs.
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inflationFedinterest ratesGDP growthcost of living
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Related tickers and likely impact
SPY
• NeutralSPDR S&P 500 ETF
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/23/2026 | 759.85 |
| Change that session | -0.54% |
DXY
• NeutralRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/23/2026 | 101.74 |
| Change that session | +0.11% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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