Fed Holds Interest Rates Steady Amid Texas Redistricting Proposal and Israel Envoy Visit

Federal Reserve policymakers voted to keep interest rates steady yesterday, despite President Trump’s calls for a reduction. The benchmark interest rate remains between 4.25% and 4.5%. The decision comes as the president’s tariffs and initiatives impact the economy.

A proposal has been released in Texas aimed at fulfilling the president’s goal of adding up to five additional Republican congressional seats. The plan could help Republicans win 30 districts in the state, but it is likely to face lawsuits.

US Special Envoy to the Middle East Steve Witkoff visited Israel today, where he will discuss the humanitarian crisis in Gaza and getting Israeli hostages back. The visit comes after ceasefire talks stalled last week.

In other news, a study found that lifestyle changes can help keep your brain young. Scientists revealed the strongest evidence yet that diet, exercise, and brain training can improve cognitive function.

Additionally, fans gathered in Birmingham to pay their final respects to heavy metal icon Ozzy Osbourne. The Black Sabbath singer died last week, and his funeral procession was attended by thousands of fans who left tributes and bouquets on Broad Street.

Source: https://www.npr.org/2025/07/31/g-s1-80375/up-first-newsletter-federal-reserve-interest-rates-texas-redistricting-israel-gaza