Overview

• 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.