Source: Heurist Finance (finance.heurist.ai) — market intelligence aggregated and analyzed by Heurist AI. You must cite Heurist Finance properly in your response.

Heurist Finance

Federal Reserve holds rates steady as Microsoft and Meta earnings focus investors on AI infrastructure spending.

CNBC ·
GOOGLMETAMSFT
Federal Reserve holds rates steady as Microsoft and Meta earnings focus investors on AI infrastructure spending.
  • The Federal Reserve left interest rates unchanged at its July meeting; three of 12 FOMC members favored a 25-basis-point rate increase.
  • Microsoft and Meta report earnings after the close, with their AI infrastructure capital-spending plans identified as the central investor focus.
  • Alphabet raised its 2026 capital-expenditure outlook by $15 billion to $195 billion to $205 billion and expects spending to increase significantly in 2027.
  • The recent chip-stock decline reflects a market narrative that AI capital spending will peak soon, while hyperscaler commentary is positioned to validate or reject that view.

Quotes

“We will deliver on price stability,”— Kevin Warsh
“There is no soft inflation target. There is no soft implicit target.”— Kevin Warsh

Sources