Fed Rate Cut, Oracle Earnings, Obesity Drug Investments, Student Loan Payments
Update: 2025-12-10
Description
Today, the Federal Reserves interest rate decision and Chair Jerome Powells press conference are highly anticipated. A quarter-point rate cut is expected, but it might be a hawkish cut, signaling the end of reductions. The Russell two thousand index hit record highs, while the S&P five hundred and Dow Jones Industrial Average saw pullbacks. President Trump begins final interviews for the next Fed chair this week. Oracle reports earnings later, with investors eager to see its infrastructure plans and AI growth story. Big pharmaceutical companies are investing heavily in obesity pills, with Eli Lilly spending six billion dollars on a new manufacturing plant and Pfizer licensing a drug from YaoPharma. Meanwhile, millions of student loan borrowers may soon resume payments, as a proposed settlement requires them to choose a new repayment method.
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