The Morning Bull - US Market Morning Update Wednesday, Oct, 28 2026 US stocks are set for a cautiously positive open, with futures slightly higher as everything revolves around the Federal Reserve decision tonight. Sentiment is constructive but fragile because rate expectations remain in play. The Fed is widely expected to keep the funds rate at 3.75% to 4.00% after September's 25bp move, while markets price another 25bp increase in December. Recent inflation data and elevated oil prices point to ongoing price pressure, which keeps rate uncertainty alive. This backdrop matters for you because it shapes borrowing costs across mortgages, credit lines, and corporate debt.
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