There may be some consequences if the Federal Reserve doesn't raise interest rates in December. "If they don't raise rates [in December], that's going to be a much bigger shock, so I think they are kind of locked into raising rates," said Brad McMillan, chief investment officer at Commonwealth Financial Network. McMillan said if the Fed wasn't going to hike interest rates in December, that should have been indicated in Yellen's congressional testimony on Thursday. In her testimony, Yellen said that a rate hike could come "relatively soon" though December wasn't mentioned. Investors are pricing in a 90% chance of a liftoff in December. TheStreet's Scott Gamm reports from Wall Street.
TheStreet’s Fundamentals of Investing Course will teach you the keys to making the right decisions in any market.
TheStreet’s Personal Finance Essentials Course will teach you money management basics and investing strategies to help you avoid major financial pitfalls.
TheStreet Courses offers dedicated classes designed to improve your investing skills, stock market knowledge and money management capabilities.
More from Video
Cramer: Why Cannabis-Infused Drinks Could Mean New Highs for 2 Companies
Weed-infused drinks will be big in 2019. So, how should investors play it? Watch TheStreet's Cramer Live Show for more.
Here's Something to Tweet About: Why Jim Cramer Really Likes Twitter
Twitter reported its first-quarter earnings, crushing analysts' expectations. Jim Cramer breaks down why the stock is finally giving investors something positive to tweet about.
Jim Cramer Talks Twitter, Coca-Cola and How to Navigate Earnings Extravaganza
Tuesday morning, investors were met with an avalanche of earnings reports from Twitter to Coca-Cola that sent indices moving higher. Fortunately for you, Jim Cramer breaks down the priorities you need on your radar in our live video.
Amazon, Boeing, Lam Research: Three Earnings Reports to Watch This Week
Feeling overwhelmed by the earnings avalanche? Jeff Marks, Senior Analyst for Action Alerts Plus, zeros in on three earnings that Jim Cramer's members-only investing club is keeping its eye on this week.