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Time now for what to watch on Wednesday, April 29th. It’s a busy stretch ahead for markets with the Fed, Washington and Big Tech all in focus. We start in DC where Kevin Warsh is moving one step closer to leading the Federal Reserve.
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A key Senate panel Wednesday morning is set to vote on advancing his nomination to the full Senate, a move that could put him in place as soon as next month, potentially in time to oversee the Fed’s June meeting.
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Sticking with the Fed, the FOMC is wrapping up its latest policy meeting on Wednesday. The Central Bank making its decision on interest rates.
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where the expectation is for the Fed to hold rates steady. Fed Chair Powell is holding a press conference after the decision and Yahoo Finance will begin coverage on Wednesday at 2:00 p.m. Eastern.
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Turning to big tech because four Mag 7 names are reporting after the market’s close on Wednesday, starting with Alphabet, the Google parent company announcing results for the first quarter.
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Analysts expecting its cloud business to stay strong, potentially growing around 50%. That would be driven by demand tied to AI infrastructure and partnerships like Anthropic.
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Meanwhile, Microsoft reporting its fiscal third quarter, where analysts see Azure growth remaining solid, but a big question is capital allocation, with the company pouring money into AI infrastructure and potentially ramping spending toward $170 billion in 2026.
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Let’s move over to Amazon though because there analysts anticipating North America retail margins to rebound significantly. Investors will be listening closely to the company’s outlook,
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especially as the company continues to also invest heavily in AI. And finally, we’re also getting meta. Analysts expecting the Facebook parent company
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to deliver strong revenue growth driven by, once again, AI powered, but this time, advertising. The company’s also expected to spend heavily as well
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on AI with capital expenditures of around $125 billion this year. Lots to watch there.
