Fed Holds Steady Amid Economic Downturn, Markets React Positively

Despite a weakening job market and manufacturing recession, the Federal Reserve's cautious stance on interest rates has spurred a modest uptick in stock markets.

April's job report shows a significant slowdown with only 175,000 new jobs, raising concerns over economic health.
Fed's recent decision to reduce the sale of Treasury securities signals a shift towards easing monetary policy.
Economists warn of potential inaccuracies in job data and predict necessary revisions that could impact market expectations.
AI stock bubble deflation contributes to market volatility, with significant drops in high-profile tech stocks.
Consumer confidence dips as economic indicators suggest a looming recession, impacting spending and investment decisions.