Melissa Brown, Managing Director of the Investment Decision Research Department at SimCorp in New York, said that non-farm payroll growth is lower than expected and the economy is slowing down. The decrease in employment numbers is affecting most industries, with businesses delaying hiring due to tariff uncertainty. The possibility of the Federal Reserve cutting interest rates more than once is increasing, but the issue of stagflation still exists, with inflation not being tamed by the slowdown in economic growth.