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CriticalUpdated Oct 27, 9:13 AM

Fed decision lands Wednesday with a hold near-certain as hot inflation keeps rate cuts off the table

The Federal Open Market Committee's two-day meeting runs Oct. 27-28, concluding Wednesday with markets pricing a near-certain hold on the 3.75-4.00% funds range even as a hot September CPI (3.7%) and the Iran-war energy shock keep inflation sticky. There are no new economic projections this meeting; the decision collides with the busiest week of Big Tech earnings and Thursday's GDP and spending data.

1 perspective:Center

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Center2 sources

With no new dot-plot this meeting, a hold preserves the restrictive stance while the Fed watches whether oil-driven inflation cools.

FX Empire and NordFX previews framed the Oct 27-28 FOMC as a near-certain hold, with a cut all but priced out after September's hot CPI and the Middle East oil spike; because the October meeting carries no updated projections, analysts said the guidance tone matters more than the held rate, with GDP and spending data due Thursday.

HighUpdated Oct 27, 9:13 AM

Crude eases from six-month highs as Saudi-Iran diplomacy offsets ongoing attacks on Gulf energy sites

Oil retreated about 2% on Mon. Oct. 26 — Brent settling at $115.81 and WTI at $101.76, off Friday's near six-month-high settles — and held near those levels into Tuesday, FOMC day, as Saudi Arabia's defense minister met Iran's president in Tehran and Qatari mediators pressed de-escalation even as Houthi attacks on Saudi energy sites eased. Crude still held about 12% above the month's start, with the Strait of Hormuz effectively shut to routine traffic.

2 perspectives:CenterForeign — Global South

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Center2 sources

Markets coverage ties the pullback to Saudi-Iran diplomacy against a persistent war-risk premium.

CNBC reported Brent settling at $115.81 (down 0.8%) and WTI at $101.76 (down 1.5%) on Oct. 26, retreating from near six-month highs after a roughly 6% weekly gain, with prices holding near those levels into Tuesday as Saudi-Iran diplomacy offset ongoing attack risk on Gulf energy infrastructure.

Foreign — Global South1 source

Energy-market coverage emphasises recovering Hormuz flows as a bearish counterweight.

OilPrice reported crude falling as data showed Strait of Hormuz crude flows recovering toward pre-war levels, a supply-side counterweight to the war premium that has kept Brent elevated since late October.

HighUpdated Oct 27, 9:13 AM

Stocks hold near records as Anthropic's IPO filing reignites the AI trade before the Fed and Big Tech earnings

Wall Street rose Monday Oct 26, led by tech, as Anthropic's public S-1 filing rekindled AI enthusiasm and oil's retreat eased the risk-off tone: the Dow added about 146 points to 52,361.58, the S&P 500 gained ~0.7% to about 7,677, and the Nasdaq rose ~0.82% to 26,169.38. Stocks held those gains into Tuesday as investors positioned for the Oct 27-28 FOMC and a mega-cap earnings deluge.

1 perspective:Center

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Markets coverage ties the gain to renewed AI optimism and easing oil ahead of a pivotal data week.

CNBC and TheStreet reported stocks closing higher Monday as Anthropic's S-1 filing propelled the tech sector, with the Nasdaq up ~0.82% to 26,169.38 and the Dow up ~0.28% to 52,361.58, as investors braced for the FOMC decision and Microsoft, Alphabet, Amazon, Apple and Meta earnings.

StandardUpdated Oct 27, 9:13 AM

Bitcoin hovers near $80K as traders mark time ahead of the Wednesday Fed decision

Bitcoin hovered near $80,000 and Ether around $2,300 into the Oct. 27-28 Fed meeting, having slipped with risk assets late last week on leverage unwinding, spot-ETF outflows and caution before the decision. Traders described the move as pre-FOMC positioning rather than a structural break, with a hold largely priced in.

2 perspectives:CenterRight

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Markets coverage ties the slide to pre-FOMC de-risking and ETF outflows.

The Motley Fool reported Bitcoin slipping below $80,000 (around $79,817) and Ether near $2,313 on Oct. 26 as traders reduced risk before the Fed decision, while Fortune logged similar levels amid continued spot-ETF outflows heading into the meeting.

Right1 source

Trader-focused coverage reads the drop as positioning ahead of the Fed, not a structural break.

CaptainAltcoin attributed the late-October crypto decline to traders reducing risk before the Oct. 28 Fed meeting, framing it as pre-decision positioning rather than a shift in the market's longer-term setup.

HighUpdated Oct 27, 9:13 AM

Big Tech earnings week opens as record AI capital spending faces a revenue test

Microsoft and Alphabet report Wednesday Oct 28 and Amazon Thursday Oct 29 — with Apple and Meta also due — in one of the busiest weeks of the S&P 500 season, as investors judge whether the hundreds of billions in AI data-center spending (Alphabet, Amazon and Meta each guiding to roughly $125B-$205B for FY26) is translating into returns. The reports land alongside the Fed's Oct 27-28 meeting.

1 perspective:Center

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Analysts frame the week as a referendum on whether record AI infrastructure spend is paying off.

Market previews from Vested Finance and City AM cast the Microsoft, Alphabet, Amazon and Meta results as capable of 'crowning or crashing' the bull market, with scrutiny on soaring AI capital expenditure guidance and cloud growth as the Fed decision looms the same week.