CNBC's Jim Cramer said minutes from the Federal Reserve's most recent meeting may not hold much weight.
CNBC's Jim Cramer said minutes from the Federal Reserve's most recent meeting may not hold much weight because of new economic data that indicates a cooling economy.
The Fed minutes suggested members were concerned about inflation and apprehensive about cutting interest rates.said inflation may be abating more quickly than some think, suggesting that comments from the Federal Reserve's most recent meeting three weeks ago may not hold much weight. "For the part of the market that was consumer-oriented, today was a day when the Fed won. Let's hope the Fed conclave realizes that their inflation lamentation from three weeks ago may no longer be necessary," he said. "If they don't ... then we might have quite a few more days like this one.", which were released on Wednesday.
But to Cramer, this commentary may be outdated. He said data that's been released since the meeting could make the Fed change its tune. He pointed out that the"If the Fed had seen these numbers ahead of time ... there would have been a lot less hand-wringing," he said. "The minutes might have actually been positive."
Markets Business Investment Strategy Stock Markets Jim Cramer Business News
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Jerome Powell's Market Message Decoded by Jim Cramer, What It Means for CryptoCNBC Mad Money host Jim Cramer shares take on Fed Chair Jerome Powell's recent remarks
Read more »
Jim Cramer blasts Starbucks CEO in a CNBC interview after horrible quarter: 'I am stunned'Jim Cramer asked Starbucks CEO Laxman Narasimhan in an interview on CNBC why he should hold the stock for the Club portfolio for another quarter.
Read more »
Jim Cramer dissects the pop in homebuilder Toll Brothers and 5 other Wednesday moversJim Cramer looks at stocks outside the CNBC Investing Club portfolio.
Read more »
Cramer's week ahead: Earnings from Home Depot, Alibaba, WalmartCNBC’s Jim Cramer on Friday guided investors through next week’s market action.
Read more »
Cramer's week ahead: Earnings from Home Depot, Alibaba, WalmartCNBC's Jim Cramer on Friday guided investors through next week's market action.
Read more »
Jim Cramer is a 'huge fan' of Akamai — not for content delivery but for a hidden jewelJim Cramer looks at five stocks outside the CNBC Investing Club portfolio.
Read more »