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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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Judge Criticizes Trump Administration Over Venezuela Deportations

A U.S. federal judge has sharply criticized the Trump administration for its handling of deportations involving Venezuelan migrants. The administration's response to a judicial request for detailed information on deportation flights was deemed "woefully insufficient." This comes amid allegations that the administration may have violated a court order temporarily blocking the deportations.

The controversy centers on the use of the Alien Enemies Act of 1798, which the administration invoked to expedite the removal of alleged gang members. Critics, including the American Civil Liberties Union, argue that the law is being misapplied, as it historically pertains to wartime scenarios. The judge has demanded further clarification on the timing and details of the flights, raising concerns about potential constitutional violations if the administration defies judicial decisions.

This case highlights the ongoing tension between the executive and judicial branches, as well as the broader implications for immigration policy and the rule of law. The administration has until next week to provide additional explanations, as the legal battle continues to unfold.

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