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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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Asia’s Flood Catastrophe: Race Against Time as Death Toll Surges

A couple sits outside their home, partially covered in mud after a flash flood hit their village in Tukka, Central Tapanuli Regency, North Sumatra, Indonesia, December 1, 2025.

Rescue operations are intensifying across Southeast Asia as the death toll from catastrophic floods and landslides has climbed beyond 1,300 lives. The disaster, triggered by days of relentless monsoon rains and compounded by tropical storms, has devastated communities in Indonesia, Sri Lanka, and Thailand, leaving more than 800 people missing and millions displaced.

Emergency crews are working around the clock to reach survivors stranded on rooftops and in remote villages cut off by mudslides and collapsed infrastructure. Helicopters and boats have been deployed to deliver food, clean water, and medical supplies, while volunteers and local authorities struggle to clear debris and restore communication lines.

The scale of destruction is immense: homes have been swept away, farmland submerged, and critical roads rendered impassable. In Indonesia’s North Sumatra, aerial images show villagers navigating muddy terrain in search of safety. Sri Lanka and Thailand report similar scenes of devastation, with families forced to flee rising waters and landslides.

Officials warn that the death toll may continue to rise as search teams uncover more bodies in remote areas. Climate experts point to warming oceans and shifting weather patterns as contributing factors, raising fears that such disasters could become increasingly frequent in the region.

Governments are pledging emergency aid, but survivors face a long road to recovery. With thousands still missing and infrastructure severely damaged, the floods are being described as one of the deadliest natural disasters in recent Asian history.

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