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.
How this was made

The 30-second read
Why it matters
The Fed decision sets the macro backdrop, while the earnings calls are the primary catalysts for the two stocks later today.
Market read
Traders should note the Fed decision timing and be prepared for potential volatility in Alphabet and Microsoft stocks after their earnings releases.
What to watch
Any unexpected Fed commentary on inflation could shift expectations for tech spending before earnings.
Background
The article lists the timing of the Federal Reserve's policy decision and the scheduled earnings releases for Alphabet and Microsoft.
Ticker impact
Alphabet's Q3 earnings call is scheduled for today after the Fed decision.
potential swing either way as investors digest earnings and guidance
No new guidance yet; market will react to the actual results.
Microsoft's fiscal 2027 Q1 results are slated for after market close today.
possible after‑hours volatility, direction dependent on earnings beat/miss
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
- institutionFederal Reserve
U.S. central bank releasing policy decision.
- companyAlphabet Inc.
Technology company with Q3 earnings scheduled.
- companyMicrosoft Corp.
Technology company with fiscal Q1 earnings scheduled.



