New York, 29 October 2026 – US stocks edged higher after the Federal Reserve kept its policy rate unchanged at 3.75% to 4%, while Oracle Corp rose about 11% after presenting a stronger long-term free-cash-flow outlook. The S&P 500 gained roughly 0.3% in the session. The Fed’s 10-to-2 vote and Oracle’s move were the day’s clearest signals: investors received no new rate cut, but a major technology company offered a more concrete case for future cash generation.
For Asian investors, the session links two forces shaping regional portfolios: the cost of dollar funding and the returns expected from artificial-intelligence infrastructure. The rate decision is confirmed; the market’s reading of what comes next is less certain. Oracle’s share-price jump reflects expectations tied to company guidance, not cash already earned, so investors still need to test execution, capital spending and financing against the long-dated forecast.
Unlock the Full Article
This article is exclusive to The Ledger Asia Subsribers / PAID members.
Already have an account? Log in here