Cramer: Powell's rate cut hint will lead to 'new leg to the bull' market

📆 7/12/2019 10:26 AM
📰 CNBC

⏱ Reading Time:
1 sec. here
2 min. at publisher
📊 Quality Score:
News: 4%
Publisher: 72%

United States News News

United States United States Latest News,United States United States Headlines

'I think that there's a presumption that earnings are going to be bad or else Powell wouldn't be doing what he's doing,' says MadMoneyOnCNBC's Jim Cramer. 'I think that presumption is wrong.'

CNBC's Jim Cramer tells the "Squawk Box" team that Federal Reserve Chairman Jerome Powell's interest rate cut hints could spark the beginning of a "new leg to the bull" market in stocks.

Write Comment

MadMoneyOnCNBC Relatively soon inflation will be a major issue,

MadMoneyOnCNBC That must be why every central bank is easing then...

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:

United States United States Latest News, United States United States Headlines

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

European stocks set for higher open after Powell hints at Fed rate cutEuropean stocks look set to open higher Thursday morning after U.S. Federal Reserve Chairman Jerome Powell signaled that the central bank could cut interest rates imminently. WE ARE GOING BACK TO GOLD THEY WERE ALWAYS HIGHER
Source: CNBC - 🏆 12. / 72 Read more »