‘Mad Money’ host Jim Cramer talks today’s CPI report, what it means for the markets, and the kick off trading day for spot bitcoin ETFs….(read more)
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The Consumer Price Index (CPI) is a key economic indicator that measures the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. The CPI is often used by economists, policymakers, and investors to gauge inflation and make decisions about monetary policy.
Recently, the CPI number for January was released, and it has significant implications for the Federal Reserve’s upcoming decision on interest rates. According to renowned investor and CNBC personality Jim Cramer, the CPI number makes it unlikely that the Fed will cut rates in March.
The January CPI data showed that consumer prices rose 0.6% from the previous month, surpassing economists’ expectations. This increase was driven by a surge in gasoline prices and a rise in the cost of food, particularly in the restaurant and dining sector. Additionally, core CPI, which excludes the volatile food and energy prices, rose 0.3%, the largest increase in nearly a year.
In light of these inflationary pressures, Cramer believes that the Fed will be hesitant to cut rates at its upcoming meeting in March. Historically, the central bank has used interest rate cuts as a tool to stimulate economic growth and mitigate the effects of a downturn. However, in the current environment of rising prices, a rate cut could exacerbate inflationary pressures and undermine the Fed’s credibility in maintaining price stability.
Furthermore, Cramer argues that the Fed’s decision will be influenced by its dual mandate of promoting maximum employment and stable prices. With the unemployment rate hovering near historic lows and inflation edging up, the central bank will likely prioritize price stability and opt to keep rates on hold.
The CPI data has also impacted market expectations, with futures markets pricing in a reduced likelihood of a rate cut in March. Investors are now bracing for the possibility of a more hawkish stance from the Fed, which could lead to higher bond yields and a stronger dollar.
In conclusion, the latest CPI number has significant implications for monetary policy and the broader economy. Based on the data and market dynamics, Jim Cramer believes that it is unlikely that the Fed will cut rates in March. As investors await the central bank’s decision, they will be closely monitoring inflationary pressures and the Fed’s stance on interest rates.
Greatest wealth transfer in history, spoiler its not going to the middle class or poor. Buy gold
I wish it was 3.4%. My expenses say it's much higher. Glad they're not still saying it's going down.
The only thing truly up was car insurance. Actually look at the data. If you remove car insurance, we wre alrweady at the FEDs goal. Media is fear mongering like usual. Cuts are coming soon!
It’s still consensus because traders actually analyze the data and put money on the table, unlike you. You can just look at the headline and say whatever you want out of your small brain. Inverse Cramer is a thing.
I always do the opposite of what cramer does and it makes me money.
Don't invest more than you can afford to lose. trading can be volatile, so it's important to only invest money that you're comfortable with potentially losing.
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Talk about functioning alcoholic
❤
Jan CPI will be below 3%
Cramer is on fire!
All signs point to peak bubble irrational exuberance.
Which means FOMC will definitely cut rates.
Do opposite of Cramer recommendations
this guys a moron,
Cramer is a bear. He was disappointed with the rally yesterday and today he's excited again. He's probably short
Cramer!! Glad you're doing better sir after your back injury
they gonna drag their feet until real estate corrects
Why would the fed be cutting in march anyway if the cpi came in better, that makes no sense at all. The fed isn’t stupid
Reverse Cramer
Btc is a very well established ponzi. Eth has real utility
Sounds like a red day with the way banks claim they’re losing money. I feel like a lot of these banks especially BACK of America got Covid cash, 1 trillion missing
You heard him, never has there been a more profound reason to believe that the fed will absolutely cut rates in March
Only the ownership class needs rate cuts
Buy other coins besides bitcoin in other words
the rugs going to get pulled out from crypto holders and these criminals are going to run off with the money.
March it is
So they will got it
REVERSE CRAMER ALWAYS RIGHT
Wall Street's predictions were incorrect, and Powell is expected to return to rate hikes this summer. By the way, ARC stock has a strong buy signal with a solid dividend of 6.5%.