Fed Up With Earnings? Jim Cramer on AMD, General Electric, Federal Reserve

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Happy Fed day!

Jim Cramer weighs in on the Federal Reserve, AMD

(AMD) - Get Report

and General Electric's

(GE) - Get Report

earnings.

The Federal Reserve

The markets are geared up for a widely anticipated Fed decision. 

Will we get the 25 basis point cut that investors want? Will we get the more historic 50 basis point cut? Or will there be no cut at all?

No pressure, Jerome Powell. 

General Electric Earnings

General Electric posted earnings before the bell Wednesday morning.

GE reported adjusted earnings of 17 cents a share in the second quarter, 5 cents higher than analysts' estimates. Revenue declined 1% to $28.8 billion.

Watch.Biggest Earnings Wednesday: GE, AMC Networks, Spotify and More

And Then There's AMD

Real Money's Stock of the Day AMD also reported earnings.

The company's adjusted earnings in the quarter were 8 cents a share on revenue of $1.53 billion, down from $1.76 billion a year earlier but ahead of expectations of $1.52 billion.

AMD said it expects third-quarter revenue of $1.75 billion to $1.85 billion, below forecasts of $1.94 billion.

"I am pleased with our financial performance and execution in the quarter as we ramped production of three leadership 7nm product families," said Lisa Su, AMD president and CEO.

Related. Apple Gains on Stronger-Than-Expected Results and Guidance: 7 Key Takeaways

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