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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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Israel Insists on Right to Act Against Hezbollah in Any Deal to End Fighting

Amid ongoing conflict, Israel's Defense Minister has firmly stated that the country insists on retaining the right to act militarily against Hezbollah in any agreement to end the fighting in Lebanon. This stance is likely to be contested by Lebanon, potentially complicating peace efforts.

The conflict, which erupted into full-scale war in September 2023, has resulted in significant casualties and displacement on both sides. Lebanese officials have called for a return to United Nations Security Council Resolution 1701, which ended the 2006 war between the sides and called for Hezbollah militants and Israeli forces to withdraw from a buffer zone in southern Lebanon.

U.S. envoy Amos Hochstein, who has been working to broker a ceasefire, held a second round of talks with Lebanon's parliament speaker, Nabih Berri, an ally of Hezbollah. Hochstein mentioned that the talks had made "additional progress," and he plans to visit Israel to try to bring the conflict to a close.

The situation remains tense, with both sides showing little inclination to compromise, and the international community closely watching the developments.

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