$GOOGL

Fed Schedules Decision as Alphabet, Microsoft Report Earnings Wednesday

The Federal Reserve will announce its policy decision on Oct. 28, following a meeting where it previously raised interest rates to 3.75%-4.00%. Alphabet and Microsoft are set to report earnings on the same day. Alphabet's call is at 4:30 p.m. ET, while Microsoft's is at 5:30 p.m. ET.

Original reporting
Published Oct 28, 2026, 1:11 PM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Oct 28, 2026, 1:47 PM UTC. Informational, not investment advice.
How this was made
AlphAI summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
Fed Schedules Decision as Alphabet, Microsoft Report Earnings Wednesday — source image
Decision brief

The 30-second read

$GOOGLNeutralLow
01

Why it matters

The Fed decision sets the macro backdrop, while the earnings calls are the primary catalysts for the two stocks later today.

02

Market read

Traders should note the Fed decision timing and be prepared for potential volatility in Alphabet and Microsoft stocks after their earnings releases.

03

What to watch

Any unexpected Fed commentary on inflation could shift expectations for tech spending before earnings.

Relevance 7/10Novelty 3/10Timing: today (Wednesday) after Fed decision

Background

The article lists the timing of the Federal Reserve's policy decision and the scheduled earnings releases for Alphabet and Microsoft.

Company-level read

Ticker impact

$GOOGLNeutralMedium confidence
Context

Alphabet's Q3 earnings call is scheduled for today after the Fed decision.

Expected impact

potential swing either way as investors digest earnings and guidance

Evidence & confidence

No new guidance yet; market will react to the actual results.

$MSFTNeutralMedium confidence
Context

Microsoft's fiscal 2027 Q1 results are slated for after market close today.

Expected impact

possible after‑hours volatility, direction dependent on earnings beat/miss

Evidence & confidence

Only the timing is known; impact will depend on the actual numbers.

Market effects

Technology sector may be influenced by both the Fed decision and the upcoming earnings of two major players.

U.S. equity markets likely to react to the Fed policy outcome and subsequent earnings reports.

Global markets will watch the Fed decision; tech earnings could affect international tech exposure.

Counterpoint

If the Fed holds rates steady, investors might focus more on earnings, potentially rewarding any surprise beats.

Key entities

  • Federal Reserve

    U.S. central bank releasing policy decision.

  • Alphabet Inc.

    Technology company with Q3 earnings scheduled.

  • Microsoft Corp.

    Technology company with fiscal Q1 earnings scheduled.

Related articles

$GOOGLMed

Alphabet stock rises as OpenAI plans to buy Google’s TPUs

Alphabet (GOOGL) shares rose over 1% premarket Wednesday after reports that OpenAI plans to buy Google's Tensor Processing Units (TPUs). The purchase signals a long-term commitment, impacting Alphabet's revenue recognition timeline. OpenAI will also offer its AI models through Google Cloud, deepening their partnership. Alphabet is set to release Q3 2026 earnings after market close.

$AAPLLow

Russia added Apple and Microsoft to a state surveillance registry

Russia's Roskomnadzor added Apple and Microsoft to a state surveillance registry on Oct. 2, requiring them to store user data and hand it over to security services. Non-compliance may result in penalties or service restrictions. Russia has tightened control over tech platforms since its 2022 invasion of Ukraine, according to Bloomberg.

$GOOGLMed

South Korea fined Google and Apple 63.7 billion won over app payments

South Korea's regulator fined Google and Apple 63.7 billion won for restricting app payment options. The companies were accused of forcing developers to use in-app billing tools with high fees. Both firms must now allow third-party payment links and adjust their fee structures. They have three months to comply. According to the regulator, Apple charged developers higher commissions in South Korea than in other markets.

Low

Fed decision at 2 p.m. ET, then Alphabet and Microsoft earnings

The Fed is expected to hold interest rates at 3.75% to 4%, with a 92% chance of no change. Alphabet and Microsoft earnings are upcoming. U.S. stock futures are mixed, with Nasdaq 100 futures up 0.4%. Chip stocks rose premarket after SK Hynix's record profit, with Micron up 4% and Intel up 2%. European markets fell slightly.