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TheStreet.com TV Recap: Fed Cut Chopped

 

Friday's stronger-than-expected unemployment report will delay a Fed cut and affect the market, Jim Cramer said on his TheStreet.com TV video, "Fed Cut off the Table," Friday.

Cramer was disappointed with the unemployment number; he had hoped for an in-line or slightly weaker number.

"We need to be able to keep the earnings thesis story, meaning that business is still good because employment is still strong, but not lose the Fed," Cramer said. "And this is a number that just puts off the inevitable Fed cut." ...

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