MarketAlleys

Oct 28, 2026 preview: FOMC, US GDP/PCE and ECB decisions

The federalreserve will deliver the FOMC rate decision on Oct 28; fred lists US GDP and PCE readings for Oct 29 and the ecb will hold its policy decision on Oct 29. Employment Cost Index follows Oct 30.

Illustration for: Oct 28, 2026 preview: FOMC, US GDP/PCE and ECB decisions
Illustration (AI-generated) — not a photograph of the events described.

Scheduled events

The most important items in the next three days start with the FOMC rate decision: the federalreserve is scheduled to announce that decision on Wed Oct 28, 18:00 UTC; consensus and previous readings are not provided. On Thu Oct 29 fred lists US GDP (BEA) and Personal income and outlays / PCE (BEA) with times not confirmed; consensus and previous values are not provided. The ecb is scheduled to deliver its monetary policy decision on Thu Oct 29, 13:15 UTC. Medium‑importance US releases scheduled in the window include weekly jobless claims (DOL) and the Employment Cost Index on Fri Oct 30, 12:30 UTC, as listed by fred and bls respectively.

  • Wed Oct 28, 18:00 UTC — FOMC rate decision (US) (source)
  • Thu Oct 29 (time not confirmed) — Weekly jobless claims (DOL) (US) (source)
  • Thu Oct 29 (time not confirmed) — Personal income and outlays / PCE (BEA) (US) (source)
  • Thu Oct 29 (time not confirmed) — GDP (BEA) (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)

Where markets stand

As of Oct 27, 20:00 UTC and relative to the prior close, the QQQ ETF was $721.25 (rose 1.27%), the IWM ETF was $280.18 (rose 1.15%), the SPY ETF was $769.66 (rose 0.56%), the DIA ETF was $523.28 (rose 0.06%), the EWG ETF was $41.52 (rose 0.68%), the EWJ ETF was $95.25 (rose 1.03%), the EWU ETF was $47.19 (fell 0.88%) and the VIXY ETF was $17.39 (fell 0.97%). Finnhub provided the price and move data.

Instrument Last Change Basis As of Source
S&P 500 (via SPY ETF) $769.66 +0.56% vs prior close Oct 27, 20:00 UTC Finnhub
Nasdaq 100 (via QQQ ETF) $721.25 +1.27% vs prior close Oct 27, 20:00 UTC Finnhub
Dow Jones Industrial Average (via DIA ETF) $523.28 +0.06% vs prior close Oct 27, 20:00 UTC Finnhub
Russell 2000 (via IWM ETF) $280.18 +1.15% vs prior close Oct 27, 20:00 UTC Finnhub
DAX 40 (via EWG ETF) $41.52 +0.68% vs prior close Oct 27, 20:00 UTC Finnhub
FTSE 100 (via EWU ETF) $47.19 -0.88% vs prior close Oct 27, 20:00 UTC Finnhub
Nikkei 225 (via EWJ ETF) $95.25 +1.03% vs prior close Oct 27, 20:00 UTC Finnhub
CBOE Volatility Index (via VIXY ETF) $17.39 -0.97% vs prior close Oct 27, 20:00 UTC Finnhub

Recent headlines

CoinDesk reported “Nasdaq-100 comes onchain as Janus Henderson and Centrifuge launch first licensed fund” and also reported “CF Benchmarks brings Wall Street pricing infrastructure onchain, including data used by BlackRock.” Yahoo published “S&P Global Inc. Q3 2026 Earnings Call Summary” and Forexlive published “ICYMI: S&P sees global bond issuance growth slowing to 2.7% in 2027, weakest in five years.”

Sources and data

Market data as of Oct 27, 20:00 UTC; report generated Oct 28, 00:40 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

Sources & data

  1. CoinDesk (secondary, retrieved Oct 28, 2026, 12:42 AM UTC)
  2. Yahoo (secondary, retrieved Oct 28, 2026, 12:42 AM UTC)
  3. Forexlive (secondary, retrieved Oct 28, 2026, 12:42 AM UTC)
  4. Finnhub (market-data, retrieved Oct 28, 2026, 12:42 AM UTC)
  5. U.S. Treasury and Federal Reserve Board via FRED (primary, retrieved Oct 28, 2026, 12:42 AM UTC)
  6. Federal Reserve (primary, retrieved Oct 28, 2026, 12:42 AM UTC)
  7. U.S. Energy Information Administration via FRED (primary, retrieved Oct 28, 2026, 12:42 AM UTC)
  8. European Central Bank (euro reference rates) (primary, retrieved Oct 28, 2026, 12:42 AM UTC)
  9. U.S. Bureau of Labor Statistics (primary, retrieved Oct 28, 2026, 12:42 AM UTC)
  10. Bank of England (primary, retrieved Oct 28, 2026, 12:42 AM UTC)

Market data as of Oct 27, 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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