Fed Holds Rates Steady Amid Microsoft and Meta Earnings Watch

Investors are closely watching the Federal Reserve's interest rate decision, which is expected to keep rates unchanged at 3.50%, 3.75%. This move will be scrutinized for clues on inflation and the outlook for future rate cuts. Fed Chair Kevin Warsh's comments will be particularly important in setting market expectations.

The focus also shifts to Microsoft and Meta, which will report earnings after the close. Investors are watching AI spending, cloud growth, advertising revenue, and profit margins closely. These results and the Fed's guidance are expected to set the near-term direction for stocks, crypto, and broader financial markets.