{
  "id": 16968614,
  "title": "Wall Street ends higher as Fed holds key rate steady",
  "url": "https://urgent.news/2026/10/28/wall-street-ends-higher-as-fed-holds-key-rate-steady",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-28T21:53:20.000Z",
  "source": {
    "name": "Free Malaysia Today",
    "slug": "free-malaysia-today",
    "url": "https://www.freemalaysiatoday.com/category/business/2026/10/29/wall-street-ends-higher-as-fed-holds-key-rate-steady"
  },
  "original_language": "en",
  "account": "U.S. stock indexes climbed on Wednesday following the Federal Reserve's decision to keep its key interest rate unchanged, as anticipated. Investors now expect a rate increase during the December meeting. Fed Chair Kevin Warsh reiterated the central bank's readiness to act if necessary. The Dow Jones Industrial Average rose 0.19% to 52,475.10, the S&P 500 increased 0.28% to 7,743.97, and the Nasdaq Composite gained 0.27% to 26,549.85. Analysts noted that market sentiment has grown accustomed to Warsh's approach. Financial markets now consider an 85% probability of a 25-basis-point rate hike at the upcoming meeting, up from 78.3% on Tuesday. Upcoming data, including the Commerce Department's Personal Consumption Expenditures report and third-quarter GDP figures, will influence rate hike forecasts. Third-quarter earnings season has seen strong results, with 84% of S&P 500 companies beating expectations. Micron Technology and SK Hynix saw significant gains after SK Hynix reported a substantial profit increase. Memory chip market activity influenced stock movements, with the Philadelphia Semiconductor index surging 1.8%. Microsoft and Alphabet experienced varying reactions to their earnings reports. Oil prices surged due to a Houthi attack on a Saudi Arabian refinery, adding to inflation concerns. Robinhood's stock declined after cryptocurrencies affected trading profits. The NYSE saw more advancing issues (110) than declining ones (214), while the Nasdaq reported a 1.48-to-1 ratio in favor of rising stocks.",
  "summary": "All three major US stock indexes oscillated following the decision and throughout Fed chair Kevin Warsh's subsequent press conference.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 11,
    "also_reported_by": [
      {
        "outlet": "The Hill",
        "title": "Watch live: Warsh speaks after Fed votes to keep interest rates steady",
        "url": "https://urgent.news/2026/10/28/watch-live-warsh-speaks-after-fed-votes-to-keep-interest-rates-steady",
        "published": "2026-10-28T18:11:32.000Z"
      },
      {
        "outlet": "The Sydney Morning Herald",
        "title": "Fed keeps rates on hold; ASX set to rise, Wall Street steady",
        "url": "https://urgent.news/2026/10/28/fed-keeps-rates-on-hold-asx-set-to-rise-wall-street-steady",
        "published": "2026-10-28T18:16:37.000Z"
      },
      {
        "outlet": "The Age",
        "title": "Fed keeps rates on hold; ASX set to rise, Wall Street steady",
        "url": "https://urgent.news/2026/10/28/fed-keeps-rates-on-hold-asx-set-to-rise-wall-street-steady-16939355",
        "published": "2026-10-28T18:16:37.000Z"
      },
      {
        "outlet": "Quartz",
        "title": "The Fed holds interest rates steady in a split vote before midterm elections",
        "url": "https://urgent.news/2026/10/28/the-fed-holds-interest-rates-steady-in-a-split-vote-before-midterm",
        "published": "2026-10-28T18:30:32.000Z"
      },
      {
        "outlet": "Semafor",
        "title": "Fed holds rates steady despite dissents",
        "url": "https://urgent.news/2026/10/28/fed-holds-rates-steady-despite-dissents",
        "published": "2026-10-28T19:50:15.000Z"
      },
      {
        "outlet": "MarketWatch",
        "title": "Why did the Fed hold off on raising interest rates? Warsh says it’s because an ‘information rich’ period is coming.",
        "url": "https://urgent.news/2026/10/28/why-did-the-fed-hold-off-on-raising-interest-rates-warsh-says-its",
        "published": "2026-10-28T19:56:00.000Z"
      },
      {
        "outlet": "Straits Times Business",
        "title": "Wall Street ends higher as Fed holds key rate steady, focus turns to earnings",
        "url": "https://urgent.news/2026/10/28/wall-street-ends-higher-as-fed-holds-key-rate-steady-focus-turns-to",
        "published": "2026-10-28T20:45:40.000Z"
      },
      {
        "outlet": "RTHK News - Finance",
        "title": "US stocks eye big tech earnings as Fed holds rates",
        "url": "https://urgent.news/2026/10/28/us-stocks-eye-big-tech-earnings-as-fed-holds-rates",
        "published": "2026-10-28T21:18:12.000Z"
      },
      {
        "outlet": "Channel News Asia",
        "title": "US stocks eye big tech earnings as Fed holds rates steady",
        "url": "https://urgent.news/2026/10/28/us-stocks-eye-big-tech-earnings-as-fed-holds-rates-steady-16975038",
        "published": "2026-10-28T21:52:00.000Z"
      },
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "Wall Street ends higher as Fed holds key rate steady, focus turns to earnings",
        "url": "https://urgent.news/2026/10/28/wall-street-ends-higher-as-fed-holds-key-rate-steady-focus-turns-to-16971183",
        "published": "2026-10-28T22:07:20.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}