After a generally rough April, CNBC’s Jim Cramer parsed Tuesday’s market action.
After a generally rough April, CNBC's Jim Cramer parsed Tuesday's market action, telling investors that anxiety about interest rates is a major reason stocks fell at the end of the month.
Cramer emphasized that much of Wall Street's attitude hinges on rate decisions made by the Federal Reserve, which is set to meet on Wednesday.parsed Tuesday's market action, telling investors that anxiety about interest rates is a major reason stocks fell at the end of the month.
But he was optimistic that Fed Chief Jerome Powell could help calm investors' nerves if his Wednesday comments suggest holding rates steady, not issuing more hikes. Cramer pointed to several areleased on Tuesday that suggested consumer confidence dropped to its lowest level since July 2022. He said this statistic that could indicate weaker retails spending, which is something the Fed wants to see.
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