Jim Cramer Is Watching This Week’s FOMC Meeting

TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer is keeping an eye on the Federal Reserve's statement, set to be released on Wednesday. 'The Fed is only as strong as the last employment number, which was really weak,' Cramer said. 'They're also concerned the dollar could scream because of what Mario Draghi is doing [by purchasing corporate bonds].' Most market participants don't expect the central bank to announce a rate hike during the meeting. Investors will be watching for the Fed's commentary on the weak May employment report.

At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.