The busiest week of third-quarter earnings season is here, with 11 companies on the publication calendar, including Amazon, Microsoft and Alphabet. Investors will also await the Federal Reserve’s decision on Wednesday and the personal consumption expenditures inflation index on Thursday, as the artificial intelligence trade loses momentum, Middle East tensions keep oil prices elevated and midterm elections approach. Results from Boeing, GE Vernova, Alphabet, Microsoft, Eli Lilly, Amazon, Intel, Starbucks and FedEx Freight will focus on artificial intelligence growth, computing capacity, margins, cash flow and spending outlooks. The Fed is widely expected to leave interest rates unchanged on Wednesday, while markets price in roughly a 75% chance of a rate hike in December, according to CME FedWatch. Bond yields, midterm elections and inflation expectations will remain key drivers for equities.
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