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Wall Street Futures Climb on Fed Cut Hopes as Bitcoin Extends Steep Decline

US markets staged a rebound Friday morning, with futures for the Dow Jones Industrial Average, S&P 500, and Nasdaq all moving higher after a turbulent week. The rally was fueled by growing bets that the Federal Reserve could cut interest rates at its upcoming December meeting, following dovish comments from New York Fed President John Williams. His remarks shifted sentiment sharply, with nearly 70% of traders now expecting a rate cut. Dow futures gained 0.7% , leading the advance. S&P 500 futures rose 0.5% , while Nasdaq futures added 0.4% . The optimism comes after Thursday’s sharp sell-off, underscoring the volatility gripping markets as investors weigh AI-driven risks and Fed policy divisions. Meanwhile, cryptocurrencies continued to struggle. Bitcoin plunged to around $82,000 , marking its worst month since the 2022 crypto collapse. The decline reflects heavy institutional outflows, miner sell-offs, and broader risk-off sentiment across digital assets.
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Trump's Tariff Wars: A New Chapter in Global Trade

President Donald Trump has escalated his trade policy with the implementation of a new round of tariffs, marking a significant shift in the United States' approach to international commerce. Dubbed "reciprocal tariffs," these measures aim to address trade imbalances by imposing higher rates on goods from countries with trade surpluses with the U.S. The latest tariffs, which took effect on April 9, 2025, have sparked reactions worldwide, with trading partners like China announcing countermeasures, including an 84% tariff on American goods.

The economic impact of these tariffs is already being felt, with stock markets experiencing volatility and concerns rising about the potential for prolonged trade wars. While the administration argues that these tariffs will bolster domestic industries and reduce the trade deficit, critics warn of the risks to global economic stability and the strain on international relations.

The question remains: will these tariffs achieve their intended goals, or will they further complicate the global trade landscape?

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