P.M. Edition for July 30. As was widely expected, the Federal Reserve <a href="https://www.wsj.com/economy/central-banking/fed-holds-rates-steady-but-two-officials-back-a-cut-6fc17c67?mod=WSJ_WNPOD">held rates steady</a> for a fifth straight meeting. But in a rare move, two officials <a href="https://www.wsj.com/economy/central-banking/fed-holds-rates-steady-but-two-officials-back-a-cut-6fc17c67?mod=WSJ_WNPOD">disagreed with the decision</a>. WSJ investing columnist <a href="https://www.wsj.com/news/author/spencer-jakab?mod=WSJ_WNPOD">Spencer Jakab</a> joins to discuss why, and what the Fed might be paying attention to ahead of its next meeting in September. Plus, President Trump announces new tariff rates for <a href="https://www.wsj.com/world/americas/u-s-sanctions-brazilian-judge-overseeing-case-against-trump-ally-bolsonaro-0d731a37?mod=WSJ_WNPOD">Brazil</a> and <a href="https://www.wsj.com/livecoverage/fed-meeting-interest-rate-decision-07-30-2025/card/trump-says-india-will-pay-25-tariffs-plus-penalty-rate-for-buying-russian-goods-rWGbUYHEOvk3mUdgSTZz?mod=WSJ_WNPOD">India</a>, and says he won’t extend the <a href="https://www.wsj.com/livecoverage/fed-meeting-interest-rate-decision-07-30-2025/card/trump-says-friday-s-trade-deadline-won-t-be-extended-D9scezcGtvsMwpQ7hX6R?mod=WSJ_WNPOD">Aug. 1 deadline</a> for countries to make trade deals with the U.S. And Amazon will pay the New York Times <a href="https://www.wsj.com/business/media/amazon-to-pay-new-york-times-at-least-20-million-a-year-in-ai-deal-66db8503?mod=WSJ_WNPOD">at least $20 million annually</a> to license its content to train artificial intelligence. We hear from WSJ reporter <a href="https://www.wsj.com/news/author/alexandra-bruell?mod=WSJ_WNPOD">Alexandra Bruell</a> about the significance of that deal. Alex Ossola hosts.
Sign up for the WSJ's free <a href="https://www.wsj.com/newsletters/whats-news?mod=WSJ_WNPOD">What's News newsletter</a>.
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