The Federal Reserve is expected to hold its interest rates steady at 3.5% to 3.75% during its July 29-30 meeting, while Microsoft and Apple earnings will dominate investor attention. Microsoft is slated to release earnings on July 29 with an estimated EPS of $4.21, followed by Apple’s earnings call on July 30 amid heightened scrutiny over AI spending. Bitcoin was climbing toward $65,500, fueled by over $600 million in inflows into US spot bitcoin ETFs over five consecutive trading days. Risk assets including Bitcoin are likely to experience elevated volatility around the Fed chair’s press conference.
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