Fed opens a two-day meeting; Asian stocks rise
The Federal Reserve's policymakers meet Tuesday and Wednesday, a month after the Fed raised rates for the first time in three years. The AP says the Fed is expected to hold rates steady; an analyst quoted by TheStreet said markets imply about a 10% chance of a hike. Overnight, South Korea's Kospi jumped more than 4% at one point and Japan's Nikkei rose 2.2%, after Wall Street gained Monday, when the S&P 500 rose 0.7%.
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Why it matters
The Fed raised rates last month for the first time in three years, and its decision this week affects borrowing costs for loans and credit. The AP reports the Fed is expected to hold rates steady.
What to watch
The Fed announces its rate decision Wednesday, October 28; Alphabet and Microsoft report earnings Wednesday and Amazon on Thursday.
Sources
- AP: US futures and Asian stocks advance following a rally on Wall Street
- TheStreet: Stock Market Today, Oct. 26, 2026
- SBS News: Major News of the Day, Oct. 27, 2026
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