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May 24, 2023

JOLTS report: Cramer no longer expects Fed to raise rates any further

The latest Job Openings and Labor Turnover Survey (JOLTS) report has caused a stir in the financial world, with many experts revising their predictions for the Federal Reserve's interest rate policy. One such expert is Jim Cramer, the host of CNBC's Mad Money. Cramer had previously been bullish on the Fed's plans to continue raising interest rates in order to combat inflation and maintain economic stability. However, the JOLTS report, which showed a decrease in job openings and a slight increase in layoffs, has caused him to change his tune. In a recent episode of Mad Money, Cramer stated that he no longer expects the Fed to raise rates any further. He cited the JOLTS report as evidence that the labor market may be weakening, which could lead to a slowdown in economic growth. Cramer's revised prediction is significant, as he is a well-respected voice in the financial community. His show, Mad Money, is watched by millions of viewers each week, and his opinions on the stock market and the economy are highly regarded. While some may disagree with Cramer's assessment of the JOLTS report, it is clear that the report has caused many experts to reevaluate their predictions for the Fed's interest rate policy. The report is just one of many factors that the Fed will consider when making its decisions, but it is an important one. As investors and analysts continue to digest the JOLTS report and other economic data, it will be interesting to see how the Fed responds. Will they continue to raise rates, or will they take a more cautious approach? Only time will tell, but one thing is certain: the JOLTS report has sparked a lively debate about the future of the economy and the Fed's role in it.