CNBC Television published this video item, entitled “Jim Cramer on November’s key inflation report: The Fed needs wages to come down” – below is their description.
‘Mad Money’ host Jim Cramer and the ‘Squawk on the Street’ team discuss November’s key inflation report and what it means for markets on Tuesday.
CNBC Television YouTube Channel
Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.
About This Source - CNBC Television
CNBC is an American pay television business news channel, which primarily carries business day coverage of U.S. and international financial markets. Following the end of the business day and on non-trading days, CNBC primarily carries financial and business-themed documentaries and reality shows.
As of February 2015, CNBC is available to approximately 93,623,000 pay television households (80.4% of households with television) in the United States.
In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.
James Joseph Cramer is an American television personality and host of Mad Money on CNBC. He is a former hedge fund manager as well as an author and a co-founder of TheStreet.com. He was raised in Wyndmoor, Pennsylvania.