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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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High Heat Wave Sweeps Ontario: Widespread Warnings Issued by Environment Canada

 

Ontario is sweltering under a prolonged heat wave, with Environment Canada sounding the alarm about dangerously high temperatures. Communities across the province, from southwestern Ontario to the Quebec border, are at risk. Vulnerable individuals, including older adults and young children, face heightened health risks as temperatures soar. In the Greater Toronto Area and Ottawa, humidity could make it feel as hot as 45°C. Even regions further north are bracing for humidex values in the low to mid-40s. This unusual heat event, exacerbated by climate change, underscores the importance of staying hydrated, avoiding strenuous activities during peak heat, and checking on neighbors. Let’s all keep cool and look out for one another during this scorching weather.

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