See the full story in the original article.
Read the original on MarketWatch ↗
Keywords
Open a keyword to see other news on the same topic.
Related tickers and likely impact
DXY
▲ Likely positiveRelevance: high
| Market | Currencies |
|---|---|
| Close on 10/28/2026 | 102.14 |
| Change that session | -0.22% |
EUR/USD
▼ Likely negativeRelevance: medium
| Market | Currencies |
|---|---|
| Close on 10/28/2026 | 1.11540 |
| Change that session | +0.24% |
QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/28/2026 | 725.59 |
| Change that session | +0.60% |
SPY
▼ Likely negativeSPDR S&P 500 ETF
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/28/2026 | 772.35 |
| Change that session | +0.35% |
USD/JPY
▲ Likely positiveRelevance: medium
| Market | Currencies |
|---|---|
| Close on 10/28/2026 | 157.836 |
| Change that session | -0.07% |
XAU/USD
▼ Likely negativeRelevance: medium
| Market | Gold |
|---|---|
| Close on 10/28/2026 | 4,067.54 |
| Change that session | +0.18% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- The Economy Could Be Growing Too Fast for Warsh
The Fed held its target range at 3.75% to 4% on October 28, 2026, in a 10-2 vote, with Lisa D. Cook and Beth M. Hammack favoring a 25-basis-point hike. Chair Kevin Warsh said first-half GDP was revised up to 2.4% from 1.8% and third-quarter growth is likely above 3%, but pushed back on the idea that the economy is overheating. The Atlanta Fed's GDPNow stood at 3.3%, and a futures-based measure put the odds of a December hike at 86.0%. Headline PCE inflation was 3.4% in August and core was 3.0%, mostly tied to energy and core goods affected by the Middle East conflict and tariffs, which rate hikes do little to address. SPY is up 13.26% year to date, but its large tech holdings make it sensitive to a 10-year yield above 5%, and its outlook weakens if September core PCE tops 0.3% or the yield passes its October 5 high of 5.31%.
- Third-quarter U.S. GDP increases a better-than-expected 3.4% as September inflation accelerates
The Commerce Department reported that U.S. GDP grew at a seasonally adjusted annualized pace of 3.4% in the third quarter, above the 3.1% estimate and well up from 2.2% in the second quarter. Consumer spending rose 0.5%, slightly below the forecast of 0.6%, while personal income increased 0.2% against a forecast of 0.3%. The same day, the personal consumption expenditures (PCE) price index rose 0.5% in September from the prior month, lifting annual inflation to 3.6%; the monthly rate matched the Dow Jones consensus, while the annual rate was 0.1 percentage point below consensus. Core PCE, which excludes food and energy, rose 0.3% monthly and 3.1% annually, in line with consensus. A day earlier, the Fed held its benchmark rate in a 3.75%-4% range, and Chairman Kevin Warsh said officials want to assess incoming data before deciding their next move.
- The Fed held off on a rate hike. Today’s GDP and inflation reports could make waiting harder.
- Earnings from Amazon, Eli Lilly, and Starbucks: What to Watch
Amazon reports third-quarter results after the bell, with Wall Street expecting revenue of just over $202 billion. Investors will focus on Amazon Web Services, whose revenue surged 37% last quarter, and on holiday shopping demand. Eli Lilly is also reporting, and analysts expect it could raise its full-year guidance again on strong demand for its weight-loss drugs, though a tougher year-over-year comparison could weigh on results. Starbucks is expected to post US same-store sales growth above 6%, helped by new drinks, food and store improvements. September's PCE index, due Thursday, is expected to tick up slightly month-over-month and could offer clues about the Fed's next rate move in December after today's FOMC hold.
- Analysis: Warsh is learning to wield the Fed's power without showing his hand
Fed Chair Kevin Warsh's Wednesday press conference was far less defensive than his early appearances, and he is letting markets guess his next move to a degree. He said financial conditions are tighter but declined to call them tight, signaling a lean toward higher rates and laying groundwork for a possible December hike if inflation stays stubborn. Warsh did not confirm that officials who talked down market expectations had acted at his direction, and stressed that the inflation target is a flat 2%. He announced that the FOMC will skip rate-decision votes at one meeting in 2027 and two in 2028, while still meeting eight times a year. PGIM chief U.S. economist Robert Sockin called holding rates this week a “policy mistake” that could force the Fed to hike higher and raise recession risk.
- Stock Market: Will S&P 500 Open Up or Down Today?
U.S. stock futures were mixed early Thursday as Wall Street faced a tech-led pullback, critical PCE inflation data, and retreating oil prices amid renewed diplomatic hopes in the Middle East. Thursday follows the Federal Reserve's decision to hold its benchmark rate.
Related markets
Latest news
- Microsoft beat estimates while Google looks at a value hit, and rising risks at Nvidia
The 8:30 show covers the day's top stories, including earnings from Microsoft (MSFT) and Alphabet (GOOGL)(GOOG), mounting risks at Nvidia (NVDA), and the new touchscreen laptop Apple (AAPL) just debuted.
- European Central Bank keeps key interest rate on hold at 2.5%
The European Central Bank held its deposit facility rate at 2.5% on Thursday, as expected, after a 25 basis point hike in September, even though euro zone headline inflation rose to 3.8% last month, the highest since September 2023. The Governing Council said rising energy prices pose upside risks to inflation and downside risks to growth, while underlying inflation and wages are broadly stable and financing conditions have tightened. Energy price inflation reached 18.8% amid Middle East turbulence. Deutsche Bank's Mark Wall said the policy path is harder to predict and expected one more hike to 2.75% in December, probably the end of the hiking cycle, while Christine Lagarde is still president. He added that the institution is bigger than any one person, but uncertainty remains about decisions next year after Lagarde's announced departure.
- Tech stocks hit hard after Samsung, Fortinet, and ServiceNow miss earnings
Samsung expects capital expenditure to rise 60% to $63 billion this year as it competes with SK Hynix and Micron, but its chip division operating income came in 2% below estimates and it is holding off on future shareholder payout plans until January. Fortinet's weak results hit cybersecurity stocks, and ServiceNow showed slowing bookings growth. A Bloomberg report said Marvell is in talks to buy Lumentum in a big deal, and Marvell shares fell sharply. The hosts said concerns over AI spending, financing costs, and Alphabet's business model are real, not just sentiment.
- Private, fast USDT is coming to Bitcoin. Can it compete with Ethereum and Tron?
Utexo, a Dubai-based blockchain startup, plans to bring Tether's USDT back to Bitcoin after a three-year hiatus through the RGB protocol, which keeps transaction data off-chain. The public launch is scheduled for Nov. 28, with Lightning Network support planned for Q1 2027. USDT first ran on Bitcoin in 2014 through the Omni protocol, but Tether halted issuance in August 2023 citing declining usage, and later led Utexo's $7.5 million seed round in March. With $300 billion of stablecoin supply already on networks such as Ethereum and Tron, co-founder Viktor Ihnatiuk says the Bitcoin version's advantages are speed and privacy. Utexo Mint locks USDT0 on Arbitrum before minting an equivalent amount of USDT on Bitcoin, so its security also depends on the mechanisms connecting the two networks.
- Brazil’s Halloween eve crypto deadline brings more tricks than treats
Brazil's crypto exchanges face a Friday deadline to apply for authorization under the framework introduced in November 2025 under the central bank BCB. Exchanges that apply on time can keep operating while their applications are reviewed, a process that can take up to two years, while companies that miss the deadline must stop providing services within 30 days. Lawyers say minimum capital requirements of 10.8 million reais ($2 million) to 37.2 million reais, plus audits and anti-money laundering controls, could make compliance unviable for smaller exchanges. Questions remain over how to identify self-custody wallets, the $100,000 limit on certain international transfers and reporting thresholds, and the BCB had not responded at publication.
- DoorDash inks $17 billion deal to acquire Instacart
DoorDash (DASH) is acquiring Instacart, which does business as Maplebear (CART), in a cash-and-stock deal worth $17 billion. DoorDash will pay $65 a share, a 26% premium to Instacart's closing price on October 22, when reports of the deal emerged. The deal would better position DoorDash to compete with Amazon's Whole Foods and Walmart by adding a major grocery delivery partner. DoorDash reported earnings and adjusted EBITDA that beat estimates, with marketplace gross order value up 36%, and its fourth-quarter forecast was described as in pretty good shape.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.