Tech Giants' Q1 Earnings and Federal Reserve Decision Awaited by Markets

Markets are closely monitoring the upcoming Federal Reserve decision and the first-quarter earnings reports from major tech companies, including Amazon, Alphabet, Microsoft, and Meta. According to NS3.AI, these companies are collectively projecting approximately $600 billion in capital expenditures by 2026. The Federal Open Market Committee (FOMC) is anticipated to maintain its target interest rate range between 3.50% and 3.75%. Traders are particularly attentive to Chair Jerome Powell’s press conference, as well as commentary on cloud and AI spending, which may provide insights for Bitcoin investors.