Cramer: Wrong for Fed to Raise Rates
The Federal Reserve would be wrong to raise rates but they are bent on doing it because they see inflation heating up, says Jim Cramer.
The Federal Reserve would be wrong to raise rates but they are bent on doing it because they see inflation heating up, said TheStreet's Jim Cramer. He said bank stocks like Bank of America (BAC) - Get Report and Citigroup (C) - Get Report are seeing gains due to the chatter over multiple rate hikes.
At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.
