Federal Reserve Dismisses Rate Hike Fears, Labor Market Cools, Apple Lures Investors With Record-Breaking Buyback: This Week In The Market - Apple (NASDAQ:AAPL)

The Federal Reserve, led by Jerome Powell, has calmed markets by signaling no imminent rate hikes despite inflation surprises, aiming for a steady approach to meet their 2% inflation target. Meanwhile, the labor market shows signs of cooling with a decrease in new job creation and a slight rise in unemployment in April. Apple Inc. has sparked investor interest with a double earnings beat and an announcement of a record $110-billion stock buyback program.