The Federal Reserve is expected to raise interest rates by a quarter point, and to signal it will stay vigilant in its fight against inflation.

MORNING SQUAWK EMEA Wednesday February 01 2023 AS OF WED, FEB 01, 2023 • 01:17 ET S&P 500 Close 4,076.60 +1.46% +58.83 S&P 500 Futures 4,081.25 -0.21% -8.75 Nikkei 255 27,346.88 +0.07% +19.77 Fed expected to slow rate hiking to a quarter point but will stay unrelenting in inflation battle The Federal Reserve is expected to raise interest rates by a quarter point, and to signal it will stay vigilant in its fight against inflation.   More » AMD beats on sales and profit but warns of a 10% revenue decline in Q1  AMD reported earnings as many of its rival chipmakers have stumbled in recent weeks, citing lower consumer demand for finished electronics. More » GM smashes expectations and guides toward a strong 2023, despite margin squeeze The strong results and guidance come as the U.S. automotive industry is beginning to normalize after several years of record-low inventories. More » Dow closes more than 350 points higher, S&P 500 caps best January in four years Traders wrapped up what had been a strong month for equities.  More » Wall Street is bullish on Europe — but analysts warn investors to avoid these 5 stocks UBS and Barclays have named a raft of stocks they think have no place in an investor's portfolio right now. More » TODAY'S GUEST HIGHLIGHTS ON CNBC All times in CET 07:15 Vas Narasimhan CEO, Novarties Novartis 08:00 Carlos Torres Vila Chair, BBVA Earnings 09:30 Dan Veru CIO, Palisade Capital Management FOMC Preview Unsubscribe Digital Products Manage Newsletters Feedback Terms of Service Privacy Policy Join the CNBC Panel © 2023 CNBC LLC. All rights reserved. A property of NBCUniversal.   900 Sylvan Avenue, Englewood Cliffs, NJ 07632   Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis.   Data also provided by THOMSON REUTERS