Federal Reserve Holds Rates Steady, Adding Macro Uncertainty to AI Earnings Week

The U.S. Federal Reserve held interest rates steady on October 28, adding macro uncertainty to a week already dominated by Big Tech AI earnings.

Key Points:

• Rates held in a 10–2 vote

• Markets now debating whether a rate move is more likely in December

• Decision landed in the middle of the week's Big Tech earnings run

• Added macro uncertainty to AI-sector stock reactions

Why It Matters: Interest rate decisions affect the cost of the massive debt and equity financing being used to fund AI infrastructure buildouts. The Fed's stance adds another variable to already-complex AI investment calculations.