FAULTLINEGlobal event monitor The world todayAll situations

Economy · Impact 2 Notable

Fed expected to hold rates in last decision before US midterms

· Washington, United States of America · single source so far

The Federal Reserve is expected to leave rates unchanged after raising them last month for the first time since 2023, citing rising inflation.

Location
Washington, United States of America · United States of America live map
Coordinates
38.89°N 77.05°W
Reported
28 Oct 2026, 10:00 UTC
Category
Economy
Impact
2 of 5 · Notable
Situation
US economy
See it on the live globe → The Guardian ↗

US economy right now

● New

Nasdaq falls 2.6% as AI spending worries drag US stocks lower

US stocks fell sharply on Thursday, led by steep drops in AI-related shares. The S&P 500 lost 1.2%, its worst day since July, while the tech-heavy Nasdaq fell 2.6%. Oil prices also reached their highest level since May on worries about the war with Iran. Debate continues over whether AI is a bubble.

  • The S&P 500 fell 1.2%, its worst day since July.
  • The Nasdaq dropped 2.6% on sharp declines in AI stocks.
  • Oil hit its highest level since May amid worries about the war with Iran.
  • Investors are fretting over AI spending and whether the sector is a bubble.
Updated 23 Oct 2026, 03:49 UTC · Written by Claude from the reports on this page and on the map. Check the linked sources for full details.

More from US economy