What Has Jim Cramer So Concerned About the Economy - TheStreet

What Has Jim Cramer So Concerned About the Economy

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Stocks were rising in intraday trading for a fourth consecutive session Wednesday as investors awaited a policy announcement from the Federal Reserve.

Retail sales for August rose for the third month in a row but slowed as federal relief for unemployed Americans expired and activity at stores and restaurants moderated as business struggle to reopen.

The retail number comes after the weekly $600 pandemic unemployment assistance program that was part of the CARES act passed back in the Spring expired at the end of July. 

Since then, neither Democrats or Republicans have been able to pass another package to deliver aid to small businesses or unemployed Americans. 

President Donald Trump, at the beginning of August, signed several executive orders. 

One order provides $400 per week in enhanced unemployment benefits, less than the $600 per week previously offered. Additionally, states are being asked to cover 25% of the benefit, or $100, and many states have said they cannot afford to do so.

Jim Cramer, back in August, wrote in a Real Money column that August is "when the rubber hits the road."

Watch the video above for more from Cramer.

You can follow Jim Cramer and Katherine Ross on Twitter at @JimCramer and @byKatherineRoss. Read more from Katherine Ross here.

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