Jim Cramer warns interest rates are unlikely to drop, citing "unholy developments" including the U.S. war with Iran
CNBC's Mad Money host Jim Cramer believes interest rates will not fall soon, attributing this to the U.S. war with Iran and the stance of newly installed Federal Reserve Chairman Kevin Warsh. Cramer noted that Warsh, speaking at Jackson Hole on August 28, reiterated that inflation is broad-based and too high, and that price stability is the Fed's job. As of September 3, the market is pricing in a 50% chance of a rate hike at the next FOMC meeting on September 15-16, according to CME Group's FedWatch gauge. Fed Governor Christopher Waller recently suggested he was inclined to hold rates steady, but is not advocating for a rate cut, as year-over-year inflation remains stubbornly above 2%.
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
24H Trending
-
1
U.S. embassies tighten security as DNI director Jay Clayton warns Iran is in "advanced stages" of planning attacks against Americans; oil prices soar
-
2
UN and human rights organizations condemn Israeli evictions in Hebron, while Israeli ministers express support.
-
3
Google quietly updated its privacy policy, effective Oct. 16, to allow connected Gmail, Drive, and Photos data to personalize ads when users opt into its Personal Intelligence AI features.
-
4
UAE's oil supply rebounded to a record high of 5.3 million barrels per day (bpd) in September
-
5
NYSE parent ICE backs 24/7 stock token trading, bypassing Wall Street's conventional pricing rules.
-
6
Al Jazeera: Israeli gunfire killed a Palestinian man in the al-Musadder area of central Gaza; his body has been transferred to Al-Aqsa Martyrs Hospital.
-
7
Bulgarians are voting in a presidential election today
-
8
X100 Exploit Proceeds Split Into Four 400-ETH Wallets
-
9
TREAT Token: An Analysis of the Core Token in the Shiba Inu Ecosystem
-
10
Analysis of BIKI Coin's Current Status: Platform Ceased Operations, Token Outlook Bleak
Markets Today
Recommended Reading




