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.
Jim watch Brainard’s interview. Fed is not going to stop until inflation is 2% so if you really are smart, sell before you lose your shirt.
Let’s go Brandon!
So now bcoz he said it, fed is going to increase the rates even faster 🤦🏻♂️
clown
Oh, well if Jim says it, the fed better listen 😂
Duh!! Dude stop with the obvious already
He's wrong about everything
Don't buy gnarlycoin at the dip.
jimcramer Hopefully they learned from the 70s and keep hiking. Otherwise inflation will just oscillate like it did for a decade then. FF rate isn’t even neutral yet, and they’ve gone nowhere with QT.
aka MORE PAIN COMING. I mean REAL PAIN. Run while you can because you'd make BIG BUCKS going against his PREDICTION.
Here comes another 75bps thanks Jim...
Ah nope not yet. Inflation not moving down yet. Still hanging on. Got a ways to go before spring. Hang in there
jimcramer make this one good call and I’ll join the club! Lol
All by design. Time to start buying.
Big hikes to come
Buckle up people
Damn. There goes any hope of a fed pivot…
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Source: CNBC - 🏆 12. / 72 Read more »