Updated
Updated · CNBC · Oct 24
Wall Street Braces for 11 Key Earnings and Fed Decision as December Hike Odds Hit 75%
Updated
Updated · CNBC · Oct 24

Wall Street Braces for 11 Key Earnings and Fed Decision as December Hike Odds Hit 75%

3 articles · Updated · CNBC · Oct 24

Summary

  • 11 portfolio names report this week, with Amazon, Microsoft, Alphabet, Eli Lilly and Intel headlining the busiest stretch of third-quarter earnings season.
  • Wednesday's Fed decision and Thursday's September PCE report could prove just as market-moving, with rates expected to stay unchanged but futures implying about a 75% chance of a December hike.
  • AI-linked businesses remain the market's main pressure point: investors will scrutinize Azure, Google Cloud, AWS and GE Vernova's turbine demand for signs the bull market's core trade is losing momentum.
  • Higher oil prices, Middle East tensions and U.S. midterm elections less than 10 days away add to the strain, especially for consumer-facing names such as Amazon, Starbucks and FedEx.

Insights

With inflation projected to stay high until 2029, are traditional rate hikes powerless against surging AI investments and record diesel costs?
Will the massive billions poured into artificial intelligence finally show real profits this week, or just trigger deeper market panic?
As shipping giants relentlessly hike surcharges, at what exact breaking point will these hidden costs completely crush everyday consumer demand?