Fed’s fight against inflation will bring down ‘fragile’ stocks
CNBC’s Jim Cramer said Friday that the Federal Reserve’s attempts to crush inflation by raising interest rates will inevitably drive down “once-high-flying stocks” — even those that are “legit” companies. The stock market is “a major risk in containing inflation. It’s not just collateral damage, it’s one of the [Fed Chair Jay Powell’s] targets. Not … Read more