Cyber Monday on Monday, Nov. 27 saw record-breaking sales.
Adobe Analytics reported that $7.9 billion was spent online throughout the day. 54% of those purchases were made on mobile devices.
Jim Cramer says that the Federal Reserve is keeping an eye out on the economy, especially consumer spending.
"I am concerned that the President will antagonize the Fed even further and make it even harder for the Fed to do one [rate hike] and wait, which is what I want. Jay Powell's under enough pressure because those [Cyber Monday] numbers were good," sad Cramer. "But remember, Amazon AMZN and Walmart WMT are bringing prices down. So, you may think when you hear that, that it's inflationary."