Loading ...Yeah, Cramer is screaming for the Fed to backpedal on the rate hikes. LIESman had an interview with the Fed’s Clarida this am. He was sort of towing the rate hike line, but dovish too. Yellen always said that they needed to hike rates, so they’d have wiggle room when the next downturn came. Well now they have 3% or so to play with.
Somehow I think Wall Street is going to force them to stop hiking and reverse course – but probably not just in time for Christmas.
As I type, a SM buy program is coming in, no doubt Fed induced.