Jim Cramer advises investors to wait for Fed interest rate cuts amid market weakness and visible "brown shoots" of economic recovery.
Jim Cramer advises investors to accept market weakness and wait for the Federal Reserve to cut interest rates. He believes that economic recovery "brown shoots" are visible, provided the Federal Reserve acknowledges and addresses the market's weakness. Weaker-than-expected Manufacturing PMI and the upcoming non-farm payroll report are crucial for the Fed's decision-making regarding interest rate cuts.
June 03, 2024
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