CNBC Mad Money host Jim Cramer shares take on Fed Chair Jerome Powell's recent remarks
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.
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.
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.
Jim Cramer says Wall Street's too cynical on Jerome Powell, Nvidia and AppleCNBC's Jim Cramer on Thursday said Wall Street should be less jaded and trust market-moving leaders.
Read more »
Jim Cramer says Wall Street is too cynical about Jerome Powell, Nvidia and AppleCNBC’s Jim Cramer on Thursday said Wall Street should be less jaded and trust market-moving leaders.
Read more »
Cramer says not to second-guess Fed Chief Powell after Wednesday's remarksCNBC’s Jim Cramer told investors to take Federal Reserve Chief Jerome Powell at his word.
Read more »
Cramer says not to second-guess Fed Chief Powell after Wednesday's remarksCNBC’s Jim Cramer told investors to take Federal Reserve Chief Jerome Powell at his word.
Read more »
Cramer says not to second-guess Fed Chief Powell after Wednesday's remarksCNBC's Jim Cramer told investors to take Federal Reserve Chief Jerome Powell at his word.
Read more »
Cramer says not to second-guess Fed Chair Powell after Wednesday's remarksCNBC’s Jim Cramer told investors to take Federal Reserve Chair Jerome Powell at his word.
Read more »