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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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Escalation in Gaza: Israeli Air Strike Kills 90 in Humanitarian Zone

 

In a devastating escalation of the ongoing conflict, the Hamas-run health ministry in Gaza has reported that at least 90 Palestinians have been killed in an Israeli air strike on a designated humanitarian area. The attack, which also injured around 300 people, targeted senior Hamas leader Mohammed Deif and others, according to Israeli sources.

The strike occurred in the al-Mawasi area near Khan Younis, which the Israeli military had designated as a humanitarian zone. Despite Israeli claims that the strike took place in an “open area” with no civilians, BBC Verify confirmed it was within the humanitarian zone. Eyewitnesses described the aftermath as resembling an “earthquake,” with scenes of chaos and destruction.

The attack has further strained ceasefire negotiations, which recently ended without success. The humanitarian impact is severe, with hospitals overwhelmed and many casualties, including women and children. This incident underscores the dire situation in Gaza and the urgent need for a resolution to the conflict.




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