Morning Business Report: Fed cuts rates, Eli Lilly outpaces Novo
The Federal Reserve announced a quarter-point interest rate cut as expected, marking the latest adjustment in monetary policy.
(LILAMAX)- The Federal Reserve announced a quarter-point interest rate cut as expected, marking the latest adjustment in monetary policy. The move is likely to lower credit card and mortgage rates, though savings account yields are also expected to decline. Student loan rates, which are fixed, will remain unaffected. In healthcare news, Eli Lilly reported that its experimental obesity pill outperformed…