Cramer: Embrace the Fed's Friendship, Eye Costco, KB Home Earnings

CNBC's Jim Cramer said he's looking toward quarterly reports from Costco and KB Home, as well as new economic data that could inform the Federal Reserve's next decision about interest rates.

"The backdrop is now friendly. Don't treat it with hostility, please," he said. "When the Fed wants to be your friend, the best way to try to make money is by embracing the Fed's friendship."But regardless of the week's events, Cramer said the Fed's successful start to the easing cycle is leading the market in a positive direction.

Monday brings remarks from Atlanta Fed President Raphael Bostic and Chicago Fed President Austan Goolsbee, which Cramer said could provide more information about why the central bank cut rates by 50 basis points instead of a more modest 25.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Cramer's week ahead: New inflation data and earnings from Costco, KB HomeCNBC’s Jim Cramer said the Fed’s successful start to the easing cycle is leading the market in a positive direction.
Source: NBCDFW - 🏆 288. / 63 Read more »

Jim Cramer recommends buying Costco stock as a port in September's market stormCNBC's Jim Cramer's confidence in Costco was bolstered by the retailer's strong August sales report.
Source: CNBC - 🏆 12. / 72 Read more »