Vance writes to Iran hard-liner Rezaei to revive talks as Trump weighs new strikes Alphabet Q3: Google Cloud revenue jumps 103% but search and ad sales miss forecasts Microsoft Q1 beats as Azure grows 48% and capex lands $6bn below forecast The before and after.
A look at the changes in forex, rates, stocks through the FOMC decision and press conference
Fed Chairman Kevin Warsh: More information will help determine appropriate policy steps The full statement from the October 2026 FOMC rate decision FOMC decision Oct 28: Rates left unchanged Iran’s Araghchi: Iran continues to give diplomacy a chance to succeed Crude oil extends to a session high of $103.53 as Iran concerns keep buyers in control BOC’s Macklem: Our surveys show businesses are planning to pass on more of these cost increases The weekly oil inventory data shows a drawdown of -1.892M vs expectations of a 0.015M build. The full statement from the Bank of Canada rate decision for October 2026. Hikes by 25 basis points Bank of Canada rate decision: Hike to 2.50% UK budget: Growth forecasts cut as Healey unveils £15 billion fiscal buffer US Wholesale inventories 0.6% vs 0.5% estimate US September advance goods trade balance -134.9 billion vs -130.2 billion expected Morning Kickstart: Dollar mixed ahead of Fed, BoC and Big Tech earnings investingLive European session wrap: Stocks tread cautiously as Fed decision and big tech earnings loom The Fed left rates unchanged, with Chair Warsh delivering a clear message: Inflation remains too high, but the committee believes policy is starting to work and wants more information before deciding what comes next.
That gave markets room to scale back the urgency of another immediate hike without embracing a move toward rate cuts. The dollar weakened during the decision and press conference, although its full-day performance remained mixed. Treasury yields told the more interesting story: the 2-year yield declined while longer yields rose, steepening the curve.