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Wall Street Preview: Investors Gear Up for the Busiest Week of Second Quarter Earning

The International Monetary Fund lowers U.S. growth forecasts

U.S. stock futures were declining Monday, July 24, after the International Monetary Fund lowered U.S. growth forecasts and as investors prepared for the busiest week of the second-quarter earnings and the two-day Federal Reserve meeting that begins on Tuesday, July 25. Asian stocks ended Monday's session mixed. Japan's Nikkei 225 index fell 0.6%, while the Shanghai Composite rose 0.4%. Stocks in Europe fell. Oil prices in the U.S. early Monday were up 0.76% to $46.12 a barrel ahead of an OPEC meeting in Moscow that was expected to discuss further production limits but was unlikely to seek to cap growing output from Nigeria and Libya.

Economists don't expect the Federal Reserve to make any changes to interest rates when the meeting concludes in the afternoon on Wednesday, July 26. The Fed raised its key interest rate for the third time in six months when the central bank last met in June. 

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