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among real estate professionals. The Federal Reserve holds rates steady and offers little

clarity on when it might start cutting again.

Plus, a new wave of AI startups are landing billion-dollar valuations, even though they don't have a product.

All of this just points back to how much excitement there still is for AI development, even though there has been more skepticism in the market.

There is more talk of a bubble.

That has not stopped investment from climbing, even into these extremely risky businesses like the Nealabs.

And two Border Patrol agents who shot Alex Preti and the ICE officer who shot Renee Good in Minneapolis have been put on leave.

It's Wednesday, January 28th.

I'm Alex O'Sullough for the Wall Street Journal.

This is the PM edition of What's News,

the top headlines and business stories that move the world today.

The Federal Reserve held interest rate steady today, entering a new holding pattern after

three straight cuts. Officials kept language that's typically suggested an openness to further

moves without suggesting any hurry to make them. In a press conference after the decision was announced,

Chair Jerome Powell offered little insight into what's next. The economy is growing at a solid pace.

The unemployment rate has been broadly stable, and inflation remains somewhat elevated.

...