On Wednesday, July 1, the largest overhaul of the federal student loan system in decades takes effect, with key provisions under the SAVE repayment plan expiring. Borrowers currently enrolled in SAVE must choose a replacement option within 90 days or be automatically enrolled in a new plan, while changes also phase out certain repayment programs, impose new borrowing limits, and create new rules for Parent PLUS borrowers. Federal Reserve Chair Kevin Warsh will deliver remarks that investors will parse for clues on interest rates ahead of Thursday's June jobs report. After the market close, General Mills reports quarterly results, with analysts expecting Q4 revenue of nearly $5 billion and Wall Street watching for signs of consumer spending shifts amid inflation.
General Mills IncGeneral Mills reports quarterly results; impact depends on actual numbers vs expectations.