CNBC’s Homestretch flags Fed chairman’s tough talk on inflation and Micron rally
CNBC’s Investing Club Homestretch ran an afternoon update on Oct 28 that highlighted the Fed chairman talking tough on inflation and examined what’s behind Micron’s big rally.
Developing storyOptions traders eye Alphabet and Microsoft ahead of Oct 28 after-hours reports9 reports · latest 39 min agoTimeline →What happened
CNBC reported on Oct 28, 19:17 UTC that its Investing Club Homestretch covered the Fed chairman talking tough on inflation and what’s behind Micron’s big rally. The item appeared as the Investing Club’s weekday Homestretch, an actionable afternoon update just in time for the last hour of trading.
Politics & Macro market context
At Oct 28, 20:00 UTC the SPY ETF (tracks S&P 500; its price is NOT the S&P 500 level) was $772.31 and rose 0.34% from the prior close; the UUP ETF (tracks US Dollar Index; its price is NOT the US Dollar Index level) was $29.06 and fell 0.21% from the prior close; the GLD ETF (tracks Gold; its price is NOT the Gold level) was $373.51 and rose 0.33% from the prior close; and the USO ETF (tracks WTI Crude Oil; its price is NOT the WTI Crude Oil level) was $166.57 and rose 1.64% from the prior close.
| Instrument | Last | Change | Basis | As of | Source |
|---|---|---|---|---|---|
| S&P 500 (via SPY ETF) | $772.31 | +0.34% | vs prior close | Oct 28, 20:00 UTC | Finnhub |
| US Dollar Index (via UUP ETF) | $29.06 | -0.21% | vs prior close | Oct 28, 20:00 UTC | Finnhub |
| Gold (via GLD ETF) | $373.51 | +0.33% | vs prior close | Oct 28, 20:00 UTC | Finnhub |
| WTI Crude Oil (via USO ETF) | $166.57 | +1.64% | vs prior close | Oct 28, 20:00 UTC | Finnhub |
Related coverage
Business-standard.com reported the Fed kept interest rates at 3.75-4.00% in a 10-2 vote and said persistent inflation was cited, with two policymakers backing a 25-basis-point hike (published Oct 28, 18:11 UTC). TheHinduBusinessLine reported that gold slipped on oil-fuelled inflation fears ahead of the Fed meeting (published Oct 28, 04:43 UTC). ABC News reported the tech sector rally continued with the Fed expected to leave the benchmark interest rate alone (published Oct 28, 12:15 UTC).
- Fed chairman talks tough on inflation — plus, what's behind Micron's big rally — CNBC, Oct 28, 19:17 UTC
- Fed keeps interest rates unchanged, awaits more data on inflation — business-standard.com, Oct 28, 18:11 UTC
- Alphabet, Microsoft to report; Fed decision ahead - what’s moving markets — Yahoo, Oct 28, 09:17 UTC
- Gold slips on oil-fuelled inflation fears ahead of Fed meeting — thehindubusinessline.com, Oct 28, 04:43 UTC
- Tech sector rally continues with Fed expected to leave benchmark interest rate alone — abcnews.go.com, Oct 28, 12:15 UTC
What to watch
Personal income and outlays / PCE (BEA) and GDP (BEA) are scheduled Thu Oct 29 (time not confirmed); the ECB monetary policy decision is scheduled Thu Oct 29, 13:15 UTC; the Employment Cost Index is scheduled Fri Oct 30, 12:30 UTC.
- Thu Oct 29 (time not confirmed) — GDP (BEA) (US) (source)
- Thu Oct 29 (time not confirmed) — Personal income and outlays / PCE (BEA) (US) (source)
- Thu Oct 29 (time not confirmed) — Weekly jobless claims (DOL) (US) (source)
- Thu Oct 29, 13:15 UTC — ECB monetary policy decision (EU) (source)
- Fri Oct 30, 12:30 UTC — Employment Cost Index (US) (source)
Sources and data
- CNBC (secondary source) — Fed chairman talks tough on inflation — plus, what's behind Micron's big rally
- business-standard.com (secondary source) — Fed keeps interest rates unchanged, awaits more data on inflation
- Yahoo (secondary source) — Alphabet, Microsoft to report; Fed decision ahead - what’s moving markets
- thehindubusinessline.com (secondary source) — Gold slips on oil-fuelled inflation fears ahead of Fed meeting
- abcnews.go.com (secondary source) — Tech sector rally continues with Fed expected to leave benchmark interest rate alone
- Finnhub (market data) — market data
- U.S. Treasury and Federal Reserve Board via FRED (primary source) — Yields and dollar index
- U.S. Energy Information Administration via FRED (primary source) — calendar
- European Central Bank (euro reference rates) (primary source) — calendar
- U.S. Bureau of Labor Statistics (primary source) — calendar
- Bank of England (primary source) — calendar
- Federal Reserve (primary source) — calendar
Market data as of Oct 28, 20:00 UTC; report generated Oct 28, 21:01 UTC. All times are UTC. Each table row shows its own timestamp and provider.
This report was produced by the MarketAlleys Research Desk using automated data processing and language tools from the sources listed above, and checked against our automated-content validation rules. It is for information only and is not investment advice.
Terms in this article
Inflation
The rate at which the general level of prices rises over time, reducing what money can buy.
Federal Reserve (Fed)
The US central bank, with a dual mandate of maximum employment and stable prices.
Exchange-traded fund (ETF)
A fund that trades on a stock exchange like a share, usually tracking an index, sector, commodity or strategy.
S&P 500
A float-adjusted, market-cap-weighted index of about 500 leading US companies selected by a committee at S&P Dow Jones Indices.
Price-to-earnings ratio (P/E)
Share price divided by earnings per share.
Sources & data
- CNBC (secondary, retrieved Oct 28, 2026, 09:04 PM UTC)
- business-standard.com (secondary, retrieved Oct 28, 2026, 09:04 PM UTC)
- Yahoo (secondary, retrieved Oct 28, 2026, 09:04 PM UTC)
- thehindubusinessline.com (secondary, retrieved Oct 28, 2026, 09:04 PM UTC)
- abcnews.go.com (secondary, retrieved Oct 28, 2026, 09:04 PM UTC)
- Finnhub (market-data, retrieved Oct 28, 2026, 09:04 PM UTC)
- U.S. Treasury and Federal Reserve Board via FRED (primary, retrieved Oct 28, 2026, 09:04 PM UTC)
- U.S. Energy Information Administration via FRED (primary, retrieved Oct 28, 2026, 09:04 PM UTC)
- European Central Bank (euro reference rates) (primary, retrieved Oct 28, 2026, 09:04 PM UTC)
- U.S. Bureau of Labor Statistics (primary, retrieved Oct 28, 2026, 09:04 PM UTC)
- Bank of England (primary, retrieved Oct 28, 2026, 09:04 PM UTC)
- Federal Reserve (primary, retrieved Oct 28, 2026, 09:04 PM UTC)
Market data as of Oct 28, 2026, 08:00 PM UTC.
This report was produced by the MarketAlleys Research Desk using automated data processing and language tools, built only from the cited sources and validated by rules described in our methodology. Spot an error? Request a correction.
Ask about this story
Questions are answered only from this article and the sources it cites.
MarketAlleys provides news and analysis for information only; it is not investment advice or a recommendation to buy or sell any security. Markets involve risk. Risk disclaimer.
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