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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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Farmers block roads in Spain and Poland over EU policies

 

Farmers in Spain and Poland have staged tractor protests in several cities and border crossings on Friday, as part of a wave of demonstrations across Europe against EU farming policies. The farmers are demanding measures to address rising production costs, falling profits and unfair competition from non-EU countries, especially Ukraine.

The protests have disrupted traffic and caused delays in some areas, as hundreds of tractors blocked highways and city streets. The farmers have also expressed their opposition to the EU's Green Deal, which aims to reduce greenhouse gas emissions and pesticide use, arguing that it will harm their crops and food security.

The protests follow similar actions by farmers in France, Greece, Hungary and Belgium in recent weeks, who have also voiced their dissatisfaction with the EU's agricultural policies and market conditions. The farmers are calling for more support and protection from the EU, as well as fair prices for their products.

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