Federal Reserve Chairman Jerome Powell is warning investors that talk about a potential interest rate cut is “premature.” During a speech at Spelman College, Powell warned that another rate hike could come if the central bank deems it necessary. On Wall Street, shares of Pfizer (PFE) are falling after the pharmaceutical company announced it was discontinuing work on its twice-daily weight loss pill after “high rates” of adverse side effects were observed. Other trending tickers on Yahoo Finance include Ulta Beauty (ULTA), UiPath (PATH), and Marvell Technology (MRVL).

Top guests on Yahoo Finance Live today include:
3:00 p.m. ET - Randall Kroszner, Chicago Booth Professor & Former Fed Governor
3:20 p.m. ET - Ronald Jewsikow, Guggenheim Securities Vice President – Automotive Equity Research
3:25 p.m. ET - Ross Gerber, President and CEO Gerber Kawasaki Wealth & Investment Management
4:30 p.m. ET - Bruce McNeilage, Kinloch Partners CEO & Co-Founder