Former hedge fund manager and CNBC’s screen face Jim Cramer said that the rise in the markets may continue next week depending on the Fed. Cramer said, “Fed’s decision to raise interest rates by a quarter point, stating that it will be on the alert, may excite the bulls.” said.
The Fed will announce its expected interest rate decision on Wednesday at 22:00. The expectation of the markets for the interest rate decision, which will be broadcast live on the Uzmancoin Youtube channel, is an increase of 25 basis points.
Cramer also emphasized that Friday’s non-farm employment data should be followed carefully. The famous financial commentator said, “If wage inflation is too strong, a quarter-point increase will be criticized. If it’s weak, we’ll talk about hard landing.” used the phrases.
In the coming days, besides the Fed’s interest rate decision, some companies’ balance sheet announcements will be watched carefully. These include Meta, MicroStrategy, Apple, Amazon and Starbucks. Details are in our C Report email newsletter, which we share with our subscribers free of charge every Sunday.
Bitcoin gained momentum on the last day of the week
Bitcoin, the largest cryptocurrency by market value, gained upward momentum on Sunday. The crypto money, which was traded under $ 23 thousand during the day, went up to $ 23 thousand 666. The price is at the level of 23 thousand 530 dollars as of 18.00 TSI.
