ADP said private employers in the U.S. added 257,000 jobs in December, well above the expected 192,000.
"As long as inflation is lower than the 2 percent and unemployment is somewhere around where it should be, there'll be a force requiring us to maintain an accommodative policy. As we get up to 2 and as the unemployment rate gets to what we think is the natural rate, or the full employment rate, we'll ... stop accommodating," Fed Vice Chairman Stanley Fischer told CNBC on Wednesday.
Traders have priced in a 10 percent chance for a rate hike on Jan. 27 and a 52 percent chance for a hike in March, according to the CME Group's FedWatch tool.
However, "his hand is being forced right now by incredible job data," Cramer said.
U.S. investors — as well as the Fed — will be looking at Friday's December jobs report.