CNBC's Jim Cramer on Thursday said the banking crisis is fighting inflation and the Fed no longer needs to take action.
CNBC's Jim Cramer on Thursday said the Federal Reserve no longer needs to take action to tame inflation.
Investors were expecting a possible 50-basis-point interest rate hike from the Federal Reserve next week based on comments from Chairman Jerome Powell. But expectations have shifted quickly after the collapse of Silicon Valley Bank and the growing banking crisis. CNBC's Jim Cramer on Thursday said the Federal Reserve no longer needs action to tame inflation — and it's because of theCramer said 10 days ago that investors were expecting a possible 50-basis-point interest rate hike from the Fed based on Chairman
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