Jim Cramer Cramer explains why the Fed is reluctant to cut interest rates
1. The Fed held interest rates steady amid uncertain macroeconomic conditions. 2. Higher tariffs affect goods' prices, with unclear overall impact on inflation. 3. Cramer notes strong labor market and GDP growth question rate cuts' validity. 4. Mixed corporate earnings report suggests consumer spending might be weakening. 5. Investors are discouraged by lack of indication for future rate cuts.