Market players are still evaluating and trying to recover from the Fed's surprise move on Wednesday. Given the Fed's statement and its bias towards easing, investors now are wondering if the Fed will extend its downward interest rate trend and cut 50 basis points more on May 15. The worst economic news appears to be over - at least for now. The March employment situation was soggy but the latest round of economic indicators doesn't point to a worsening economy. Industrial production actually improved for a change. Housing activity is softening but not at a rapid pace. Inflation was a little worse in the first quarter on the whole, but on a year-over-year basis, the consumer price index is rather stable.