Several key events this week include earnings reports from Amazon and Microsoft and the Federal Reserve meeting on October 28. The Fed raised its target federal funds rate to 3.75% to 4% in September, its first increase in three years, but Chairman Kevin Warsh's decision not to provide forward guidance leaves the market without clear direction. CME FedWatch shows a 90.6% probability that rates stay unchanged, though September CPI rose 3.7% year on year, which could change expectations. If the Fed holds rates steady, the market may see minimal reaction, but another hike could trigger a sharper negative response given it would be higher and unexpected.
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Fedinterest ratesinflationearningsKevin Warsh
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Related tickers and likely impact
NVDA
• NeutralNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/26/2026 | 215.98 |
| Change that session | +2.38% |
QQQ
• NeutralInvesco QQQ Trust
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/26/2026 | 712.11 |
| Change that session | +1.09% |
SPY
• NeutralSPDR S&P 500 ETF
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/26/2026 | 765.22 |
| Change that session | +0.69% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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