{
  "id": 16971183,
  "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",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-28T22:07:20.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/wall-street-ends-higher-fed-holds-key-rate-steady-focus-turns-earnings"
  },
  "original_language": "en",
  "account": "On Wednesday, US stock indices climbed higher as the Federal Reserve maintained its key interest rate, surpassing expectations. The central bank signaled a willingness to act on inflation, upgrading its assessment of the economy. Fed Chair Kevin Warsh noted the Fed's readiness to intervene, stating, \"The Fed didn't throw any curveballs.\" Analysts increased the probability of a 25-basis point rate hike at the December meeting to 87.4 percent, up from 78.3 percent on Tuesday. The 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 is underway, with 84 percent of S&P 500 companies reporting results and beating consensus estimates. Financial highlights include Micron Technology's surge following SK Hynix's more than sevenfold increase in quarterly profit and the Philadelphia Semiconductor index's fourth consecutive daily gain. US crude prices rose due to attacks on a Saudi Arabian refinery by Iran-backed Houthis, further exacerbating supply concerns.",
  "summary": "84% of the S&P 500 firms that have posted earnings beat consensus estimates, according to LSEG data",
  "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": "Free Malaysia Today",
        "title": "US Fed holds interest rates steady despite ‘too high’ inflation",
        "url": "https://urgent.news/2026/10/28/us-fed-holds-interest-rates-steady-despite-too-high-inflation",
        "published": "2026-10-28T21:45:00.000Z"
      },
      {
        "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"
      }
    ]
  },
  "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."
}