Jim Cramer explains what's at stake for consumers in the May jobs report

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“Wall Street may be rooting for a weaker job market so that the Fed can start cutting rates, but keep in mind what you’re betting against,”…

On the eve of the May jobs report, CNBC's Jim Cramer reminded investors what's at stake for consumers.

"Wall Street may be rooting for a weaker job market so that the Fed can start cutting rates, but keep in mind what you're betting against," he said.reminded investors about the tricky balancing act the Federal Reserve is attempting to pull off — bringing down inflation without seriously damaging the economy.Investors are rooting for weak figures so the Fed will be more inclined to implement interest rate cuts.

 

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