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Wall Street Pauses as Fed Meeting Looms: Futures Hold Steady

U.S. stock futures were little changed on Tuesday as investors awaited the start of the Federal Reserve’s final policy meeting of the year. The Dow Jones Industrial Average, S&P 500, and Nasdaq futures all hovered near flat, reflecting a cautious mood across Wall Street. The Fed is widely expected to keep interest rates unchanged, but traders are focused on Chair Jerome Powell’s comments and the central bank’s updated economic projections. Markets are looking for clues on when rate cuts might begin in 2024, with inflation cooling but still above the Fed’s long-term target. Recent gains in equities have been fueled by optimism that the Fed’s tightening cycle is over, yet uncertainty remains about how quickly monetary policy will shift toward easing. Until then, investors appear content to hold their positions, waiting for clearer signals from the Fed before making bold moves.
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Canada’s Economy at Risk Due to Global Trade Disputes.

 

According to a trade expert, Canada is expected to face a challenging year due to global trade disputes. Mark Warner, principal counsel at MAAW Law, believes that Canada will be caught up in disputes between the United States, its biggest trade partner, and China and “sideswiped” as the U.S. ramps up enforcement of export controls.

The ongoing trade disputes could have a significant impact on Canada’s economy. The country’s relationship with China is already “a mixed-bag,” and the U.S. is expected to increase enforcement of export controls, which could further complicate matters.


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