The Fed keeps interest rates unchanged, while the Bank of Canada raises rates by 25 basis points
2026-10-29 07:27:28
According to CoinMeta, the Federal Reserve maintains the federal funds rate target range at 3.75% to 4.00% unchanged, with two committee members, Cook and Harker, advocating for a 25-basis-point interest rate hike. U.S. stock indices rose for three consecutive days, with Oracle experiencing a significant increase of 11%, while Google's stock tumbled 10% after the market closed. The December contract for crude oil WTI rose by 2.88%. The Bank of Canada raised its interest rate by 25 basis points to 2.5%, marking the first increase in over three years, stating the need to reduce the risk of high energy prices spreading to other goods and services. Microsoft's Azure revenue increased by 48% in the last quarter, with expected capital expenditures exceeding $50 billion in the second fiscal quarter and total revenue ranging from $96 billion to $97.1 billion, leading to a substantial rise in the company's stock price after the market closed. SK Hyundai Electronics' operating profit in the third quarter increased sevenfold to 83.33 trillion Korean won, and the company announced a shareholder return of approximately 100 trillion Korean won. Oracle expects positive free cash flow in the second half of the 2028 fiscal year and over $30 billion in the 2029 fiscal year, with its stock price closing up 10.58%.
Source:Internet
This content is for market information only and does not constitute investment advice.
Follow CoinMeta official accounts to stay updated

Hot Articles
Refresh

Bitcoin Below $80K: What's Next? Can StanChart Hit $100K?
10-27 12:47

Where is the Coinbase Sign-Up Entrance? 2026 New User Guide
10-26 12:44

Where to Download Binance App? 2026 Registration & Buying Guide
10-23 15:57

What Are Crypto Airdrops? Top 5 Projects to Watch in Nov 2026
10-22 19:02

ZEC Price Today: $1,342 Surge on NU7, Can It Break $1,295?
10-22 12:59



