BREAKING: Democrats call on the Fed to halt the rate hike cycle!

As reported by CNBC, a group led by several high-profile Democratic Party officials is calling on the Federal Reserve to halt interest rate hikes so as not to risk causing too much damage to the economy.

As reported by media sources, 10 senators and representatives, led by Sen. Elizabeth Warren of Massachusetts and Reps. Pramila Jayapal of Washington and Brendan Boyle of Pennsylvania, outlined their concerns about the Fed's monetary policy strategy and its "potential to collapse the US labour market" in a letter to Fed Chairman Jerome Powell on Monday. According to the money market, tomorrow's interest rate decision will bring a 25 basis point hike and end the current US cycle.

Recall that today's JOLTS data indicated, another large decline in new jobs in the US.

20 May 2026, 7:24 PM

URGENT: Hawkish FOMC minutes fail to halt market gains

20 May 2026, 7:00 PM

Daily Summary: 6% Oil Declines Fuel Stock Gains

20 May 2026, 6:38 AM

Morning Wrap (20.05.2026)

19 May 2026, 8:39 AM

Economic Calendar: UK Unemployment on the Rise – How Will the Bank of England React? (19.05.2026)

Economic reports

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