There are several important events happening this week for the markets, including earnings reports from Amazon and Microsoft and a highly anticipated Federal Reserve meeting. The Federal Reserve raised interest rates for the first time in three years at the September meeting, but Chairman Kevin Warsh's new policy not to provide forward guidance means the market doesn't have any clear direction about what will happen at this meeting. The meeting happens on Oct. 28. Here's what to expect, and how the markets could react. The Federal Reserve raised the target federal funds rate by a quarter of a percentage point in September, to 3.75% to 4%. It noted that despite high inflation, consumer spending remained strong and the unemployment rate was low. Its goal is to help steer the inflation rate closer to 2%.
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