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Chair Powell is expected to pause his year-long rate hiking campaign during today’s Federal Open Market Committee (FOMC) meeting. Groundwork Collaborative’s Chief Economist Rakeen Mabud released the following statement:
“Inflation is down and the job market remains strong. We never had to choose between lower prices and a strong labor market.
“Today, Chair Powell must concede that you don’t have to destroy the labor market to bring down prices. That starts with not only skipping today’s rate hike, but permanently halting this dangerous rate-hiking campaign.”
The Groundwork Collaborative is dedicated to advancing a coherent and persuasive progressive economic worldview and narrative capable of delivering meaningful opportunity and prosperity for everyone. Our work is driven by a core guiding principle: We are the economy. Groundwork Collaborative envisions an economic system that produces strong, broadly shared prosperity and power for all people, not just a wealthy few.
"Shame on European governments who are not acting to stop Israel!" said UN expert Francesca Albanese. "When will Israel's impunity end?"
Israel's raid on a peaceful flotilla of international vessels attempting to bring humanitarian aid to the besieged Gaza Strip was described Monday as an act of brazen piracy and condemned by human rights activists and experts who say the world should no longer stand by in the face of such criminality.
Francesca Albanese, UN special rapporteur on the occupied Palestinian territories, called the operations by Israel "yet another act of piracy by the Israeli army in international waters" that must be condemned by the global community.
Noting that the flotilla is "carrying basic necessities to a desperate population in Gaza," Albanese said: "Shame on European governments who are not acting to stop Israel! When will Israel's impunity end?"
A dispatch was issued by the Global Sumud Flotilla—which has repeatedly tried to break the siege of Gaza—shortly after 10:30 am local time, which said that their vessels off the coast of Cyprus were "currently surrounded and under active interception by Israeli naval warships in international waters, approximately 250 nautical miles from the coast of Gaza."
The Israeli forces reportedly boarded a number of the more than 50 vessels traveling in the flotilla and began detaining those aboard.
"By intercepting the flotilla at a perimeter of 250 nautical miles today and in Cyprus’ SAR zone," said the Flotilla in its statement, "the Israeli regime continues to demonstrate a systematic disregard for international maritime law, freedom of navigation on the high seas, and the United Nations Convention on the Law of the Sea (UNCLOS)."
Thiago Avila, a Brazilian activist who was detained and imprisoned by the Israelis for several days after being kidnapped off a boat on a previous attempt by humanitarians to reach Gaza with relief supplies, said in a video statement on Monday that now was the time for the international community to act.
EXTREMELY URGENT! 🚨 WE NEED YOUR HELP! THE @gbsumudflotilla IS UNDER ATTACK AND THE BOATS ARE BEING INTERCEPTED! pic.twitter.com/sMKgRkedXp
— Thiago Ávila (@thiagoavilabr) May 18, 2026
"Do something," pleaded Avila. "Take to the streets. The world cannot stand a genocide. The world cannot stand a country that violates international law, to continue killing children, assassinating children out of hunger, killing people with drones."
"They want you not to talk about what's happening in Gaza," he continued. "There's no real ceasefire. Seven months of people getting killed, aid still being hindered, more than half the land being taken away, and their plans are the worst for that area—it is complete ethnic cleansing and genocide. We need to stop that."
Ann Wright, a retired US Army colonel who has long been a leading anti-war activist and is currently serving as a member of the support team at the Flotilla's Crisis Center stationed in Istanbul, Turkiye, called the operation to deliver aid the "largest civilian flotilla in the history of support for Palestinians in Gaza" to date.
“Stop the genocide, not the flotilla," said Stephen Bowen, executive Director of Amnesty International Ireland.
Independent journalist Alex Colston, embedded with the flotilla activists and on one of the vessels approached by Israeli forces, reported that he could confirm "people on intercepted boats are being moved to one, maybe two, military prison frigates," though it was not clear where exactly those detained would be taken.
“This alarming spike in the use of the death penalty is due to a small, isolated group of states willing to carry out executions at all costs, despite the continued global trend towards abolition," said Amnesty International's secretary general Agnès Callamard.
With its number of state-sponsored executions nearly doubling in 2025, the United States joined an ignominious handful of nations around the globe that helped bring death penalty punishments worldwide last year to their highest level in nearly half a century.
Amnesty International released its annual review of the death penalty on Monday, showing that the "staggering" overall increase of executions—up from 1,518 in 2024 to at least 2,707 people—was due "to a handful of governments determined to rule by fear."
While 17 nations carried out at least one death sentence in 2025, it was significant increases in five of those countries—the United States, Iran, Saudi Arabia, Kuwait, Egypt, and Singapore—that account for the historic spike. With rates in those countries doubling or even tripling compared to the 2024 figures, Amnesty found, executions overall rose by 78% worldwide in 2025.
As the human rights group notes:
Iranian authorities, the main drivers behind the spike, executed at least 2,159 people, more than double its 2024 figure. Elsewhere, Saudi Arabia raised its execution tally to at least 356, using the death penalty extensively for drug-related offenses. Executions in Kuwait almost tripled (from 6 to 17), while they near doubled in Egypt (from 13 to 23), Singapore (from 9 to 17), and the United States of America (from 25 to 47).
Notably, the 2025 total put forth by Amnesty does not include thousands of executions the human rights group believes were carried out in China, which it says likely carries out thousands each year.
“This alarming spike in the use of the death penalty is due to a small, isolated group of states willing to carry out executions at all costs, despite the continued global trend towards abolition," said Agnès Callamard, Amnesty International’s secretary general. "From China, Iran, North Korea and Saudi Arabia to Yemen, Kuwait, Singapore and the USA, this shameless minority are weaponizing the death penalty to instill fear, crush dissent and show the strength state institutions have over disadvantaged people and marginalized communities."
Under President Donald Trump, who has championed the return of the federal death penalty during both his first and second terms in office, the 47 executions took place across 11 states, with the highest number being carried out in Florida, where 19 people were killed.

Despite the surge in countries like the US and Iran, Amnesty highlighted that "progress was made elsewhere around the world, proving hope is stronger than fear."
The report notes that no "executions or death sentences were recorded in Europe and Central Asia" and that, for the 17th consecutive year, the US remained the "only country in the Americas to execute people, with close to half of all US executions carried out in Florida."
The group celebrated legislative progress in countries like Nigeria and Lebanon, where bills were introduced in the last year to abolish the death penalty once and for all.
“With human rights under threat around the world, millions of people continue to fight against the death penalty each year in a powerful demonstration of our shared humanity,” said Callamard in her statement. “Total abolition is possible if we all stand strong against the isolated few. We must keep the flame of abolition burning bright until the world is entirely free from the shadows of the gallows."
"The only realistic path to a diplomatic breakthrough would require Washington to engage more directly with the structure and substance of the Iranian proposal itself," said a national security expert.
With the economic impact of the war on Iran linked to President Donald Trump's plummeting approval rating, the president issued his latest threat to destroy the Middle Eastern country Sunday as he demanded negotiators "get moving, FAST" to end the conflict the US and Israel began by choice in February.
"For Iran, the Clock is Ticking," said the president in a Truth Social post, adding that if a peace deal is not reached soon, "there won’t be anything left of them. TIME IS OF THE ESSENCE!”
Trump rejected Iran's latest peace proposal last week; the country has reportedly offered significant concessions on its uranium enrichment, but seeks to have separate nuclear talks after achieving peace and reaching a deal to reopen the Strait of Hormuz, which the Iranians effectively closed in retaliation for the US-Israeli attacks.
Since launching the conflict, Trump has demanded the dismantling of Iran's missile arsenal as well as its nuclear program, which Iran has said is not for military purposes, and has called for the country to cut ties with its regional allies.
Iran's Mehr news agency said Sunday that Trump had offered "no tangible concessions" in his response to the Iranians' latest proposal.
"The United States," said the news outlet, "wants to obtain concessions that it failed to obtain during the war, which will lead to an impasse in the negotiations."
Trump told Fox News in Beijing over the weekend that the Iranians are "crazy, and you know what? Because of that, they cannot have a nuclear weapon," explaining why he viewed it as "unacceptable" for nuclear talks to take place separately after a peace deal is brokered.
Trump reportedly spoke to Israeli Prime Minister Benjamin Netanyahu Sunday about the possibility of renewing strikes on Iran, which would break a ceasefire that was reached more than a month ago.
Danny Citrinowicz, a senior researcher at the Institute for National Security Studies, said Sunday that "the only realistic path to a diplomatic breakthrough would require Washington to engage more directly with the structure and substance of the Iranian proposal itself."
"Iran’s priorities remain consistent: ending what it views as economic siege conditions, reopening maritime access and reducing pressure in the Gulf, negotiating an end to the broader conflict, and only afterward addressing the nuclear issue," said Citrinowicz. "At the present moment, it is difficult to see the Iranian leadership agreeing to any framework that does not meaningfully engage with those core demands."
As with Trump's earlier threats of violence, including one in April in which he declared that Iran's entire civilization would die, "never to be brought back again," Iranian officials said the president's latest comments—which followed his posting of an image of himself on a military ship accompanied by the words, "It was the calm before the storm"—would not be tolerated.
A spokesperson for Iran's armed forces, Abolfazl Shakarchi, told Mehr that "repeating any folly to compensate for America’s disgrace in the Third Imposed War against Iran will result in nothing but receiving more crushing and severe blows."
Reporting for Al Jazeera, correspondent Almigdad Alruhaid said that the "kind of language" displayed by Trump on Sunday "is not acceptable here in Tehran. They are projecting defiance rather than [giving] an immediate response to this kind of rhetoric."
“Behind all of this rhetoric, there is awareness that the diplomatic window right now is narrowing,” said Alruhid.
Meanwhile, US Sen. Lindsey Graham (R-SC) urged Trump to "hurt them more" in order to force a deal, calling on the president to go through with bombing Iran's energy infrastructure as he's threatened to in recent months.
Uber-warmonger Lindsey Graham calls on Trump to bomb Iran's energy infrastructure.
The reason why Trump didn't do this during the war - despite threatening it - was because he realized Tehran would retaliate and take out the energy infrastructure in the GCC states. This would… pic.twitter.com/rvrewkavNr
— Trita Parsi (@tparsi) May 17, 2026
"The reason why Trump didn't do this during the war—despite threatening it—was because he realized Tehran would retaliate and take out the energy infrastructure in the [Gulf Cooperation Council] states," said Trita Parsi, executive vice president at the Quincy Institute for Responsible Statecraft. "This would lead to a far worse oil crisis—one rooted in production problems, not just a bottleneck in the Persian Gulf."
"The global economy would be thrown into a deep recession. Fuel shortages would lead to food shortages worldwide. Trump's presidency would be destroyed," he said. "None of this matters to Lindsey. He'll burn the entire planet as long as he gets his war. Trump's biggest mistake has been to listen to Lindsey and his allies."