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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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"Ontario Braces for Massive Snow Squalls: Up to a Metre of Snow Expected"


Ontario is currently experiencing intense snow squalls, with some areas expected to receive up to a metre of snow by the end of the weekend. The multi-day lake-effect snow event began late Thursday and is predicted to continue through Sunday.

Meteorologists have issued snow squall warnings for several regions, including Cottage Country from Kincardine to Dundalk, Parry Sound to Barrie, and Sault Ste. Marie. The coldest air of the season is stirring up the lake-effect snow machine, leading to peak snowfall rates of 5-10 centimetres per hour.

Travel is expected to be hazardous due to sudden changes in weather, near-zero visibility, and possible road closures. Drivers are urged to plan ahead and be prepared for deteriorating conditions.

While the snowfall is great news for Ontario's ski resorts, it poses significant challenges for commuters and residents in affected areas.



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