Jim Cramer says there’s enough pain in the market for the Fed to slow rate hikes

Stocks fell on Monday as investors mulled over corporate and economic news that sent mixed signals about the state of the economy.

CNBC's Jim Cramer on Monday said that there's enough pain in the market for the Federal Reserve to consider easing its pace of interest rate hikes.

Cramer pointed to the layoffs at Amazon and turmoil in other sectors like crypto and software stocks as examples of the Fed's damage. CNBC's Jim Cramer on Monday said that there's enough pain in the market for the Federal Reserve to consider easing its pace of interest rate hikes. "There's enough turmoil that the Fed needs to slow down its rate hikes, if only to prevent the headwinds from turning into some sort of weird [Category] 5 hurricane," he said.Stocks fell on Monday, snapping last week's streak of gains, as investors mulled over corporate and economic news that sent mixed signals about the state of the economy.

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