Tech Income, Crypto, and Interest Rates: What to Watch Out For

Image for article titled Tech Earnings, Crypto, and the Fed Rate Decision: What to Watch in the Markets This Week

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After a volatile week This week is all about economic growth and the intersection of Bitcoin and politics, as we focus on what comes next.

Investors are closely monitoring tech giants’ earnings, the performance of the crypto market and what the Fed chairman has to say about rate cuts.

Let’s see what’s going to happen:

Will the Fed cut rates?

The Federal Open Market Committee (FOMC) meeting is scheduled for Wednesday and there are reports suggesting the Fed may cut rates during the meeting. Fed Chairman Jerome Powell will speak after the meeting to announce the decision.

Tech giants set to announce earnings

Just like last week, major tech companies will report on their financial health this week. Microsoft and Advanced Micro Devices will report earnings after the closing bell on Tuesday, followed by Meta’s earnings after the closing bell on Wednesday. Apple and Amazon will report earnings after the closing bell on Thursday.

Other key wins to watch

On Monday, McDonald’s is scheduled to report earnings before the market opens. Airbus and JetBlue are scheduled to report on Tuesday, while Boeing is scheduled to report on Wednesday. Crypto companies including Coinbase and MicroStrategy are scheduled to report earnings on Thursday. Berkshire Hathaway’s earnings are due on Friday.

Keep an eye on the crypto market

It will be interesting to see how the crypto market performs this week. This is because former President and Republican candidate Donald Trump’s speech at the Bitcoin conference could impact cryptocurrency prices. In addition, the performance of spot Ether ETFs and Fed Chairman Jerome Powell’s speech could also have an effect on the crypto market.

Other macroeconomic reports to watch

The consumer finance report and the jobs report are released on Tuesday, followed by the ADP employment report on Wednesday. The U.S. employment report and the unemployment rate are released on Friday. These reports will indicate the direction of the economy and whether the Fed is prepared to cut rates.