The Fed held its key interest rate steady for the
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Posted On: 12/18/2023 6:52:11 AM
The Fed held its key interest rate steady for the third straight time, and committee members indicated there could be at least three rate cuts in 2024.
Some on Wall Street worry this Fed action suggests there's a recession on the horizon, but Cramer said it would be wise to ignore this outlook, adding that a strong labor report on Friday indicates the contrary. To Cramer, potential rate cuts would mean "smooth sailing" for stocks, with investors becoming less interested in bonds.
Some on Wall Street worry this Fed action suggests there's a recession on the horizon, but Cramer said it would be wise to ignore this outlook, adding that a strong labor report on Friday indicates the contrary. To Cramer, potential rate cuts would mean "smooth sailing" for stocks, with investors becoming less interested in bonds.
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