Federal Reserve Rate Cut Expected; Tech Earnings and Insurance Legal Updates
The Federal Reserve is anticipated to reduce interest rates by 0.25%, bringing the target range to 3.5%-3.75%. Fed Chair Jerome Powell will provide further insights on the 2026 monetary policy during an upcoming press conference. Additionally, major technology companies like Oracle, Adobe, and Broadcom are scheduled to report earnings, with a particular focus on AI infrastructure spending trends. In legal news, the Oklahoma Attorney General has intervened in a lawsuit involving State Farm, highlighting ongoing regulatory and compliance challenges within the insurance sector. Meanwhile, a poll indicates that most users of the Affordable Care Act (ACA) marketplace are concerned about potential premium increases, indicating affordability issues in the health insurance market.