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Fed Needs to Raise Rates 100bps Now, Which Could Trigger a Rally - Cramer

Economy Jun 10, 2022 10:22AM ET
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© Reuters. Fed Needs to Raise Rates 100bps Now, Which Could Trigger a Rally - Cramer
 
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By Investing.com Staff

Following today's red-hot inflation number, showing an 8.6% year-over-year rise in consumer inflation, CNBC's Jim Cramer is calling for some shock and awe from Federal Reserve Chairman Jerome Powell. Cramer thinks that the Fed needs to raise 100 bps points now, not the 50 bps forecasted by the market.

"I want the Fed to go 100 basis points," Cramer said. "Just get it over with."

Cramer said while Powell is trying to be measured with rate hikes, "measured is not going to cut it anymore."

He added that everyone needs to come to terms with the fact that there will be a recession of sorts. However, the customer may not be the source of it. He said a recession with a strong consumer will take down some companies, but others will thrive.

Cramer thinks the market will rally if Powell does follow through with a 100 bps hike.

Fed Needs to Raise Rates 100bps Now, Which Could Trigger a Rally - Cramer
 

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Comments (5)
Vidyasagar Deshpande
Vidyasagar Deshpande Jun 12, 2022 1:48PM ET
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Agree. Fed need to hike rates 5 times .5%
Sabi Sab
SabiSab Jun 10, 2022 11:54AM ET
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Hahaha, short US market to the ground, since we have Cramer's blessing!
First Last
First Last Jun 10, 2022 11:11AM ET
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Cramer said the customer may not be the source of of recession.  That's because Russia & the CCP are source.
Invest Right
Invest Right Jun 10, 2022 10:28AM ET
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Cramer is full of ***
Jermaine .A
Jermaine .A Jun 10, 2022 10:26AM ET
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Didn't Cramer go long on Bear Sterns back in 08?
Marian Claudiu Catalina
Marian Claudiu Catalina Jun 10, 2022 10:26AM ET
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:-)). search his article. In my opinion is one of the journalists who write on his own interests. Stopped taking him to serious but reading "between line's " his "story"... im considering him smart after all i mentioned up.
 
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