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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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Biden Warns Iran Against Imminent Attack on Israel

 


U.S. President Joe Biden has issued a stern warning to Iran, anticipating an attack on Israel in the near future. Speaking to reporters, Biden succinctly stated, “Don’t.” He emphasized Washington’s unwavering commitment to Israel’s defense, asserting that Iran’s efforts would ultimately fail.

The escalating tensions stem from an airstrike in Damascus that claimed the lives of senior Iranian commanders, including Brig-Gen Mohammad Reza Zahedi of Iran’s elite Quds Force in Syria and Lebanon. Although Israel has not officially claimed responsibility for the attack, it is widely believed to be the perpetrator.

As the world watches with bated breath, the possibility of retaliation looms large. Countries such as the U.S., UK, India, and Australia have issued travel warnings, urging caution for their citizens in both Israel and Iran. President Biden has assured Israel of his country’s “ironclad” support in the event of an Iranian assault.

The stakes are high, and the region remains on edge. Israel’s leaders are bracing for a potential onslaught, while Iran’s actions remain uncertain. Amid this tense backdrop, the world holds its breath, hoping for restraint and de-escalation in the face of mounting hostilities.

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