Fed holds rates at 3.75%-4.00% as US stocks close higher
The gist
The Federal Reserve held its policy rate at 3.75%-4.00% in a 10-2 vote, and US stocks closed higher.
Two policymakers wanted a hike, so markets now weigh a possible December move.
How it unfolded
- Oct 23, 2026Stocks fell and oil rose after a sharp tech sell-off; Kering shares tumbled 12.4% in premarket trading on disappointing third-quarter earnings.
- Oct 26, 2026Stocks rose as Wall Street prepared for a week of earnings and a Fed decision, after markets finished lower Friday to cap a losing week.
- Oct 27, 2026A tech rally lifted stocks: a chipmaker gauge rose 3.6% and the Nasdaq 100 added 1.3%, while Boeing sank 11% after cutting its delivery target. UPS shares rose 1.58% in premarket trading after it beat expectations and raised guidance.