Sen. Elizabeth Warren urged the SEC to investigate Trump Media's plan to sell an API.

Paul Christopher, head of global investment strategy at Wells Fargo Investment Institute, expects the Fed to hold rates steady, saying June's moderation in inflation gives policymakers cover to extend the pause and wait for more data. Luis Alvarado, co-head of global fixed income strategy, said Waller has made clear restoring inflation to 2% remains the Fed's top priority and that policymakers have near-zero tolerance for a rebound; Alvarado added Waller appears to believe the Fed can deliver. He warned the main market impact will be in communication—particularly forward guidance—so investors should expect greater policy flexibility and larger market moves between meetings, with the ability to act flexibly on incoming data remaining critical for Waller.

European equities closed mixed on July 29 (Wed): Germany's DAX fell 34.71 points (-0.14%) to 25,457.88; the UK’s FTSE 100 rose 36.18 points (+0.33%) to 10,907.20; France's CAC 40 dropped 50.51 points (-0.60%) to 8,408.27; the Euro STOXX 50 lost 40.16 points (-0.64%) to 6,249.35; Spain's IBEX 35 tumbled 326.14 points (-1.65%) to 19,400.86; Italy's FTSE MIB slipped 271.19 points (-0.52%) to 51,427.00.