CNBC's Jim Cramer said investors shouldn't worry too much about the latest consumer price index data because the Federal Reserve has already started its cutting cycle."At the end of the day, the earnings are what control stock prices long-term, and stocks are what we're trying to make money on," he said.
The CPI — which broadly measures the cost of goods and services across the U.S. — rose by 0.2% in September, sending the annual inflation rate to 2.4%. This increase came inas investors worried about stubborn inflation. However, the inflation rate still fell from August and hit its lowest reading since February 2021.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Jim Cramer: 'Don't freak out' about Fed rate-cut size, focus on stocks that benefit'We're missing the forest from the trees,' Cramer said Monday.
Source: CNBC - 🏆 12. / 72 Read more »
Jim Cramer says strong jobs report suggests no imminent recession — and that's good for stocksThe U.S. economy may not have a landing at all, CNBC's Jim Cramer said Friday.
Source: CNBC - 🏆 12. / 72 Read more »
Jim Cramer's week ahead: CPI data and earnings from Delta, Domino's and major banksCNBC's Jim Cramer reviewed next week's top market-moving action.
Source: CNBC - 🏆 12. / 72 Read more »
Jim Cramer Says Fed Rate Cuts Don't Help Tech StocksCNBC's Jim Cramer argues that the Federal Reserve's interest rate cuts primarily benefit companies reliant on consumer spending and don't significantly impact tech stocks. He asserts that large tech companies are focused on AI automation and enterprise solutions, making them less dependent on lower rates.
Source: CNBC - 🏆 12. / 72 Read more »