The Federal Reserve kept interest rates steady between 3.50% and 3.75%, leaving markets eager for Fed Chair Kevin Warsh’s remarks on inflation and possible future cuts. Investors' attention now shifts to earnings reports from Microsoft and Meta, where AI investments and cloud business growth will be under the microscope.
Microsoft and Meta's results could signal how tech giants are navigating the current economic landscape. This follows a period where tech stocks showed resilience amid broader market uncertainty. The focus on AI spending echoes trends seen in the sector, such as UiPath’s recent rebound after easing pressure linked to OpenAI developments.
Market participants remain cautious, balancing upbeat earnings expectations with the Fed’s cautious stance. The upcoming data could determine if the central bank shifts its outlook in the next meetings.
This content is for informational purposes and does not constitute financial advice.
