LIVE: US Fed Meeting/ US Stock Market Updates: No Hike Today? Dow Jones Futures Fall; Nasdaq, S&P 500 Gains

The US stock market will be impacted by the Federal Reserve's policy announcement on Wednesday. Market predicts a pause from FOMC policymakers led by Kevin Warsh; however, CPI inflation remains elevated to 3.7% and that will play a major role in decision-making.

The Federal Open Market Committee (FOMC) began its 2-day policy meeting on October 27 and is scheduled to announce its outcome on October 28, 2026.

In the September 2026 policy, Fed chair Kevin Warsh hiked federal fund rates by 25 basis points for the first time in 3 years to 3.75% to 4%. The reason was the elevated inflation which continues to linger due to Iran conflict that has sparked an energy crisis. All 19 policymakers of Fed voted for a hike.

That time, Warsh said, "The plain fact is that inflation is too high and has been for too long." He reiterated that the FOMC's predominant focus is on the price stability side of their mandate.

Since the last policy meeting, US CPI inflation has surged to 3.7% in September 2026, while annual core inflation rates climbed to 2.6%. This is very high from Fed's consumer price index target of 2%.

Overall, the market has priced in at least 3 rate hikes from the Fed over the next 12 months but after October 2026 policy.

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Oct 28, 2026, 5:48 pm IST

US Stock Market Today Live: Why US Stock Futures Trade Mixed?

US stock futures held steady on Wednesday as investors braced for the upcoming Federal Reserve policy decision, as well as earnings from megacap technology companies. The central bank is broadly expected to keep interest rates unchanged, while traders look for clues about the possibility of a rate hike in December. On the corporate front, Alphabet and Microsoft are set to release earnings after the market closes on Wednesday, with investors closely assessing their results for insights into the AI trade, as per Trading Economics.

Oct 28, 2026, 5:48 pm IST

US Stock Market Live Updates: S&P 500 Futures Gain Too

The S&P 500 futures today surged marginally by 9 points to trade around 7,767 on expectation of status quo from US Fed.

Oct 28, 2026, 5:48 pm IST

US Stock Market Live Updates: Nasdaq Futures Jump

Unlike Dow Jones, Nasdaq Futures surged by 109 points or 0.4% to trade around 29,921.25, which is also near its day's high of 29,989.25.

Oct 28, 2026, 5:47 pm IST

US Stock Market Live Updates: Dow Futures Fall Hard

The Dow Jones futures plunged by at least 130 points or 0.25% to trade around 52,449. This is after it touched an intraday low of 52,395 as investors focus shifts toward Fed policy.

Oct 28, 2026, 5:47 pm IST

US Fed Meeting Live Updates: Latest Fed Rates

In the September 2026 policy, Fed chair Kevin Warsh hiked federal fund rates by 25 basis points for the first time in 3 years to 3.75% to 4%. The reason was the elevated inflation which continues to linger due to Iran conflict that has sparked energy crisis. All 19 policymakers of Fed voted for a hike.

Oct 28, 2026, 5:46 pm IST

US Stock Market Today Live: Wall Street Performance Yesterday

During Tuesday’s regular session, the S&P 500 and Nasdaq Composite gained 0.6% and 1.18%, respectively, supported by strength in technology shares. Chipmakers led the advance after Broadcom revealed that a consortium of banks would provide $63 billion in financing tied to the use of its technology by Anthropic. Meanwhile, Meta’s $25 billion share offering was oversubscribed by five times, while Oracle Corp. further strengthened its partnership with OpenAI, as per Trading Economics.