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.

1 September 2026, 10:10 AM

BREAKING: Eurozone Inflation Comes In Below Forecasts, Unemployment Rises. EURUSD reacts

1 September 2026, 6:36 AM

Morning Wrap: Oil Fuels Market Uncertainty 🚩 Wall Street and Gold Under Pressure (01.09.2026)

31 August 2026, 7:58 AM

Economic Calendar - Hawkish Fed, Middle East tensions set the pace for markets (31.08.2026)

28 August 2026, 7:01 PM

Daily summary: Gold retreats 3% as US dollar rebounds after hawkish Warsh speech in Jackson Hole

Economic reports

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