Corporate earnings ahead, Fed officials on rate cuts pace

Investing.com -- Dow futures and Nasdaq futures both inched down on Tuesday ahead of a slew of fresh quarterly earnings reports from several major companies. Texas Instruments will be among a host of businesses unveiling their latest results, with traders keen to see if the semiconductor firm provides more insight into the outlook for chip demand during a surge in excitement around artificial intelligence.

Global real gross domestic product growth was seen at 3.2% for both 2024 and 2025, matching the rate in 2023. IMF Managing Director Kristalina Georgieva said on Monday she expects the latest forecast to be above 3%, but did not provide a specific figure. However, comments from these officials seemed to indicate some lingering disagreement over the pace of the drawdowns.

Birol’s comments -- made in an interview with Bloomberg -- came after both the International Energy Agency and the Organization of the Petroleum Exporting Countries recently slashed their demand growth forecasts on concerns over China.

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Fed officials express mixed views on labor market strength and future rate hikesCNBC Daily Open delivers a roundup of key financial news, including diverging opinions from Fed officials on the labor market's health and the pace of future interest rate increases. The report highlights remarks by Minneapolis Fed President Neel Kashkari, Atlanta Fed President Raphael Bostic, and Chicago Fed President Austan Goolsbee.
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