Closing Huddle — Wednesday 28 October 2026

Closing Huddle for Wednesday 28 October 2026. What moved - Remit for the Monetary Policy Committee - October 2026 - Fed leaves interest rates unchanged despite inflation in the US - Federal Reserve issues FOMC statement - Reference moves: NZD/USD 0.5613 (-1.57%); USO 163.88 (-1.41%); US 30-year Treasury yield 5.3700 (+1.32%); QQQ 721.25 (+1.27%). Mixed sources: end-of-day reference values as of 2026-10-28 and quotes delayed by up to 1440 minutes; nothing here is a real-time quote. Why - Remit for the Monetary Policy Committee - October 2026: The MPC remit is the constitutional backbone of UK monetary policy, so shifts in its wording can move gilt yields and sterling by altering rate-path expectations. Traders in UK rates, currency pairs involving sterling, and UK equity index products typically watch these letters closely. - Fed leaves interest rates unchanged despite inflation in the US: A Fed hold directly affects the cost of borrowing across the economy and sets the tone for assets ranging from equities and bonds to currencies and crypto. When the Fed pauses during a period of sticky inflation, markets typically price in the probability of future hikes, which can shift yield curves, dollar strength and risk appetite. - Federal Reserve issues FOMC statement: FOMC statements directly influence expectations for the federal funds rate, which transmit through US Treasury yields to currencies, equities, commodities and credit markets globally. Shifts in tone or language — even without a rate change — can trigger immediate repricing across multiple asset classes. What comes next - No scheduled events are on the calendar for the next few days. Community question: What did today change about your plan for tomorrow, if anything? Educational discussion, not financial advice. Trading involves significant risk of loss.