Stocks were pushing higher in intraday trading on Tuesday, June 22 after starting the trading session lower.
Federal Reserve Chair Jerome Powell is slated to appear before Congress on Tuesday, and is expected to say that the economy has shown "sustained improvement." However, the recovery has accelerated inflation.
“Widespread vaccinations have joined unprecedented monetary and fiscal policy actions in providing strong support to the recovery. Indicators of economic activity and employment have continued to strengthen, and real GDP this year appears to be on track to post its fastest rate of increase in decades,” Powell said in written comments.
So, what is Jim Cramer watching as cryptocurrency takes a hit?
Recap TheStreet Live Recap: Everything Jim Cramer Is Watching 6/22/21