Fed Holds Rates Steady, Oil Prices Plunge, Meta Surges on New AI Initiatives

1. Fed Governor Cook stated that holding rates steady is the right course of action, signaling stable monetary policy.
2. Brent and U.S. crude oil futures settled down significantly by over 5%, at $94.29/bbl and $88.68/bbl respectively.
3. Meta Platforms stock rose 3% following reports of new subscription services across Instagram, Facebook, and WhatsApp, alongside upcoming AI plans.