AI revolutionizes the nation, catalyzing a renaissance with soaring economic growth, streamlined public services, and a commitment of £14 billion and 13,250 jobs from private tech firms, fueled by the government's AI Action Plan.
The US economy contracted in Q1 due to surging imports, but robust consumer spending and business investment offset the decline, while the Fed held interest rates steady amid elevated inflation and tariff uncertainties, signaling a cautious approach as it assesses the trade war's impact.
Stocks surged, with the Dow climbing 383 points and the S&P 500 and Nasdaq rallying over 1%, as the Federal Reserve held interest rates steady but signaled potential future rate cuts, boosting investor optimism about economic resilience.