Investors: Oct. 28 Will Be an Important Day for the Stock Market. Here's Why.

The Federal Reserve's Oct. 28 meeting is critical for markets as it decides on interest rates. While markets expect rates to remain steady, recent inflation data (CPI at 3.7%) raises the possibility of an unexpected rate hike. An unexpected increase could trigger a swift negative market reaction, particularly impacting AI companies and growth stocks reliant on cheap borrowing.