Jim Cramer: Latest Data Not Enough to Merit Interest Rate Hike
The recent spate of weak housing and retail numbers do not bode well for a Federal Reserve rate hike later this week, says Jim Cramer.
The recent spate of weak housing and retail numbers do not bode well for a Federal Reserve rate hike later this week, says TheStreet's Jim Cramer. Housing construction fell below estimates in August as recovery in the housing sector came in fits and starts. Housing starts fell 5.8% from July, coming in at a seasonally adjusted annual pace of 1.14 million, according to the Commerce Department. Analysts expected an annual pace of 1.18 million. Permits came in flat at 1.14 million.
