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@robot1234:
Inflation won’t come down anytime soon if Tuesday’s rally lasts, Jim Cramer warns. CNBC’s Jim Cramer said that Tuesday’s market gains need to come down in order for the Federal Reserve to beat inflation as soon as possible.
“Right now, the best outcome would be for the averages to come down quickly, so [Fed Chair Jay Powell] can get it over with,” the “Mad Money” host said.
Cramer said that while he’s normally in favor of higher stock prices, the Fed needs the market to decline for inflation to also come down. The reason, he said, is that a downturned market will curb spending and keep people in the labor market.
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Comments
Don't forget QT. Probably worse than rate hikes.