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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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Look Up Tuesday Night for the Full Pink Moon

 

The Pink Moon is set to grace the night sky this week, and it’s a celestial event worth observing. On Tuesday night, precisely at 7:49 p.m. EDT, the Moon will be in its full phase, marking April’s Full Moon. However, according to NASA, observers will notice that the Moon appears full for approximately three days, from Monday morning through Thursday morning.

Why Is It Called the Pink Moon?

Contrary to what the name suggests, the Pink Moon isn’t named for the Moon’s color. Instead, it derives its name from wild ground phlox, also known as pink moss. This early-blooming wildflower is one of the first to grace the landscape in the US Northeast during spring. The Old Farmer’s Almanac, which has been recording lunar names for close to a century, associated this April Full Moon with the pink blossoms of ground phlox.

Gibbous Phase and Observing Tips

While the Moon will appear full for several days, keen observers can still notice subtle differences. On Monday night and Wednesday night, focus on the Moon’s face a bit longer. You might observe that one side looks “fuzzy” compared to the crisp edge on the other side. This reveals that the Moon is actually in its Gibbous phase during those times. If you have binoculars or a telescope, it’ll be even easier to spot this phenomenon1.

So, mark your calendars and take a moment to appreciate the Pink Moon’s beauty as it graces our night sky this week!

Feel free to share this information with fellow stargazers and enjoy the celestial spectacle! If you have any more questions or need further details, feel free to ask. 😊🌠1

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