HomeBusinessFed officials' hawkish inflation words are sapping the market

Fed officials’ hawkish inflation words are sapping the market

CNBC’s Jim Cramer on Tuesday said that inflation is coming down at a good pace as he called out Federal Reserve leaders for hawkish comments that are dragging down the market.

“While we hear Fed officials and hedge fund managers and strategists opine about how the Federal Reserve will have to double the federal funds rate to stop runaway inflation, ask yourself which commodities, which goods they’re actually talking about,” the “Mad Money” host said.

Chicago Fed President Charles Evans said Tuesday that he hopes for smaller interest rate increases going forward, starting with a half-percentage point raise in September followed by quarter-percentage point hikes until the start of the second quarter next year.

In contrast, San Francisco Fed President Mary Daly said the central bank is “nowhere near almost done” with interest rate increases, and Cleveland Fed President Loretta Mester…

Read more at www.cnbc.com

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