Jerome Powell's Market Message Decoded by Jim Cramer, What It Means for Crypto

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CNBC Mad Money host Jim Cramer shares take on Fed Chair Jerome Powell's recent remarks

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Although Powell's comments temporarily calmed the markets, Cramer indicated that investors might become concerned again as job data will be announced on Friday. The numbers could provide more information about whether the economy is slowing or accelerating.Even though Powell stopped short of signaling rate cuts were likely this year or that rates were at a peak, Cramer said that the Fed chief had managed to take"the dreaded rate hike scenario off the table.

 

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