Fed Decision and Big Tech Earnings Set to Test Markets

Global markets brace for a critical week dominated by major tech earnings and a Federal Reserve policy decision, with investors focused on AI spending returns and inflation data. The Fed is expected to hold rates steady on Wednesday, though markets see a possible December move. Key reports include Q3 GDP and core PCE inflation, while Alphabet, Microsoft, and Amazon results will test whether massive AI investments are yielding profits. Oil prices eased on diplomatic efforts to calm Middle East tensions, while gold rose slightly. Asian markets were cautious, with Japan's Nikkei falling for a third session. Boeing and Eli Lilly also report this week, adding to the earnings-heavy calendar.