Perspectivas semanales de WuBlockchain | Los resultados de Microsoft y Google llegan tras la Fed, mientras el BCE y el BOJ anuncian sus decisiones...

WuBlockchain · 2026-10-26T07:03:30.000Z

Editor | Wu Blockchain Verificado al 24 de octubre de 2026 (ET) | Período de cobertura: del 26 de octubre al 1 de noviembre de 2026 (ET) Los principales eventos que habrá que seguir esta semana: La Fed, el BCE y el BOJ anunciarán sus decisiones sobre las tasas esta semana, mientras que Microsoft, Alphabet y Amazon presentarán sus resultados. Los inversores estarán atentos a si el crecimiento de los ingresos en la nube puede respaldar el gasto de capital en IA y a si la inflación y los datos económicos justifican un mayor endurecimiento monetario. Miércoles, 28 de octubre, 2:00 p. m. ET | Decisión de tasas de la Fed; 2:30 p. m., conferencia de prensa

Editor | Wu Blockchain
Verified as of October 24, 2026 (ET) | Coverage period: October 26–November 1, 2026 (ET)
The key events to watch this week:
The Fed, ECB and BOJ will announce rate decisions this week, while Microsoft, Alphabet and Amazon report earnings. Investors will focus on whether cloud revenue growth can support AI capital spending, and whether inflation and economic data justify further monetary tightening.
Wednesday, October 28, 2:00 p.m. ET | Fed Rate Decision; 2:30 p.m. Press Conference
The Fed voted unanimously to raise rates by 25 basis points in September, bringing the target range to 3.75%–4.00%. Markets broadly expect rates to remain unchanged this week. Investors will focus on Chair Kevin Warsh's assessment of energy inflation, employment and consumer spending, and whether he offers any clues about another potential rate hike in December. With no new dot plot or economic projections, the statement and press conference will provide the main policy signals.
Wednesday, October 28, 4:30 p.m. and 5:30 p.m. ET | Alphabet Q3 and Microsoft Fiscal Q1 Earnings Calls
Microsoft's Azure and other cloud services revenue grew 43% last quarter, while Alphabet's Google Cloud revenue surged 82% to $24.8 billion. After Meta reported $34.91 billion in quarterly CapEx and negative free cash flow of $2.12 billion, attention will turn to cloud revenue, order backlogs, margins and spending guidance. The key question is how much additional infrastructure investment these companies need to sustain AI-driven growth.
Thursday, October 29, 8:30 a.m. ET | U.S. Q3 GDP Advance Estimate and September PCE
U.S. real GDP grew at an annualized rate of 2.2% in Q2, down from 2.5% in Q1. August headline PCE inflation reached 3.4% year over year, with core PCE at 3.0%. The releases will show whether consumer spending and private investment are sustaining growth, and whether underlying price pressures persist. Arriving after the Fed decision, the data could reshape expectations for December's rate decision.
Thursday, October 29, 9:15 a.m. ET | ECB Rate Decision; 9:45 a.m. Press Conference
The ECB raised its deposit rate by 25 basis points to 2.50% in September and projected inflation of 2.5% in 2027 and 2.1% in 2028. Markets broadly expect rates to remain unchanged. Investors will focus on how persistent energy costs are affecting inflation and what conditions could justify further tightening. A more hawkish signal could lift European bond yields and support the euro.
Thursday, October 29, 5:00 p.m. ET | Amazon and Intel Q3 Earnings Calls
Amazon's AWS revenue grew 37% to $42.2 billion last quarter, its fastest growth in 18 quarters, while group operating income rose 43% to $27.5 billion. AWS growth, margins and AI infrastructure spending guidance will be central to the report. Intel's results will provide an update on foundry losses, advanced manufacturing customers and future investment plans, including whether new process technologies are attracting external orders.
Thursday, October 29–Friday, October 30 ET | BOJ Rate Decision and Economic Outlook, Release Time TBA; Friday, 2:30 a.m. ET Governor's Press Conference
The BOJ raised its policy rate to 1.25% in September and will publish updated growth and inflation projections. Markets widely expect no immediate rate change. The focus will be on whether inflation forecasts are revised higher and how wage growth, yen weakness and imported energy costs affect the case for further hikes. A more hawkish outlook could strengthen the yen, lift Japanese bond yields and pressure global carry trades.
Bottom line:
Central banks face a difficult trade-off between inflation and growth. With U.S. core PCE inflation at 3.0%, investors will watch for clues on what could justify another Fed rate hike. Microsoft, Alphabet and Amazon will update cloud growth, margins and AI spending plans. Strong cloud revenue growth may support earnings expectations, but rising Treasury yields could still weigh on tech valuations.