Jim Cramer Is Watching the Federal Reserve After Memorial Day
Jim Cramer is keeping a close eye on the Federal Reserve next week.
TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer is keeping a close eye on the Federal Reserve next week. 'The Federal Reserve is going to tighten, so if you have strong data, we can handle it,' Cramer said, referring to next Friday's May jobs report. This will be the last jobs report before the Federal Reserve's June meeting, when many market participants expect a rate hike. Cramer also mentioned Bob Toll's remarks on the Toll Brothers (TOL) - Get Report conference call, saying that it's time for the central bank to hike rates.
At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.
