The Fed cannot stop hiking rates until there are major job losses, says Jim Cramer

The fed cannot stop hiking rates until there are major job losses, says jim cramer

CNBC Television published this video item, entitled “The Fed cannot stop hiking rates until there are major job losses, says Jim Cramer” – below is their description.

‘Mad Money’ host Jim Cramer and the ‘Squawk on the Street’ team discuss the Federal Reserve’s efforts to tamp down inflation following comments from Blackstone’s Jonathan Gray.

CNBC Television YouTube Channel

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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.

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In This Story: Inflation

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.

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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.

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