US EditionGDP, FOMC, Meta And Microsoft Earnings
UNITED STATES, JUL 30 – The Federal Reserve maintained rates at 4.25%-4.5% despite dissent; Meta and Microsoft reported strong earnings with Meta’s revenue at $47.52 billion, surpassing estimates.
- After its July policy meeting on Wednesday, the Fed left rates unchanged at 4.25%-4.50%, with a 97% chance of a hold according to the CME FedWatch tool.
- Amid debate at the Fed meeting, Fed Governors Christopher Waller and Michelle Bowman voted to lower rates by a quarter, marking the first dissent since 1993.
- Following the market close, Meta Platforms will report earnings with revenue at $44.80 billion and EPS of $5.92, while Microsoft’s revenue is expected at $73.81 billion with $3.37 EPS and Azure guided to 34%-35%.
- The Dow slipped 0.1% while the S&P 500 edged down 0.1%, and the Nasdaq inched up 0.15% on Wednesday.
- Investors will use these reports to assess AI and cloud momentum, as Microsoft has invested over $14 billion in Scale AI and AI data centers to drive growth.
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Coverage Details
Total News Sources15
Leaning Left1Leaning Right1Center4Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 17%
C 67%
R 17%
Factuality
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