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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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Transatlantic Trade Tensions Escalate Amid Tariff Dispute


The European Union (EU) has swiftly responded to former U.S. President Donald Trump's decision to impose a 25% tariff on steel and aluminum imports. In a move aimed at countering the economic impact, the EU announced retaliatory tariffs on $28 billion worth of U.S. goods. These measures target a range of products, including agricultural goods, textiles, and iconic American items like bourbon and motorcycles.

European Commission President Ursula von der Leyen expressed regret over the U.S. tariffs, emphasizing their negative impact on businesses and consumers on both sides of the Atlantic. She described the EU's countermeasures as "proportionate" and reiterated the bloc's openness to negotiation.

This latest development marks a significant strain in transatlantic relations, with both sides facing economic uncertainty and potential disruptions to supply chains. The EU's actions highlight its determination to protect its economic interests while signaling a willingness to engage in dialogue to resolve the dispute.


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