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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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Controversy Surrounds Kamala Harris’ VP Frontrunner Amid Harassment Cover-up Allegations

 

In a recent development, Pennsylvania Governor Josh Shapiro, a leading contender to be Vice President Kamala Harris’ running mate, has been accused of covering up a sexual harassment scandal. The allegations were brought to light by Erin McClelland, a Democrat running for Pennsylvania’s state treasurer. McClelland claimed that Shapiro is unfit to be Harris’ vice-presidential pick, citing his alleged insecurity about being “second under a woman” and his involvement in a harassment cover-up.

McClelland’s accusations focus on Shapiro’s handling of a harassment case involving his top legislative liaison, Mike Vereb. Shapiro’s office reportedly paid $295,000 in a settlement to a woman who accused Vereb of harassment, but Vereb did not resign until months later. McClelland expressed her concerns on social media, suggesting that Harris should consider other candidates who are more secure in their roles and supportive of female leadership.

This controversy has sparked a debate about the qualities needed in a vice-presidential candidate and the importance of addressing harassment allegations transparently. As the Democratic Party prepares for the upcoming election, these allegations could impact Shapiro’s chances of being selected as Harris’ running mate.


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