Cramer says the Fed's reluctance to cut rates contributed to Thursday's sell-off
CNBC • 531 days
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CNBC's Jim Cramer examined Thursday's market action, attributing the day's brutal sell-off to the Fe...
Original sourceAI Summary
Fed's decision to hold rates steady affects market negatively. Economic slowdown concerns increased, impacting various sectors. S&P 500 fell 1.37% amid investor worries. Bond market signals fears about the economy's health. Cramer emphasizes caution regarding rate cuts amid inflation.
Market-Moving
- Fed's decision to hold rates steady affects market negatively.
- Economic slowdown concerns increased, impacting various sectors.
- S&P 500 fell 1.37% amid investor worries.
Key Facts
- Fed's decision to hold rates steady affects market negatively.
- Economic slowdown concerns increased, impacting various sectors.
- S&P 500 fell 1.37% amid investor worries.
- Bond market signals fears about the economy's health.
- Cramer emphasizes caution regarding rate cuts amid inflation.