US futures are indicating a lower open as of 04:45 ET. European equity markets have opened higher, following mixed trading in Asian markets. The January FOMC meeting ends today with the policy statement and Chair Powell’s press conference. Markets pricing in a near 100% chance of a hold, and a 50/50 chance of a March cut. Earnings season has tended to underwhelm, though beat rates have shown some more recent improvement and 2024 expectations have been fairly stable.

Companies Mentioned: Paramount Global