CNBC's Jim Cramer had one question Wednesday: Where are all the U.S. rate-hike supporters now?
Recent U.S. economic data — particularly retail sales, housing starts and consumer prices — have disappointed economists. Meanwhile, U.S. markets are off to a poor start for the year, having fallen into correction territory, or down at least 10 percent from their 52-week high.
"There were many people who came on our air, over and over again, and told us that a Fed rate hike would be good for the economy," Cramer said on "Squawk on the Street." "It was good for nothing. All that's happened is that auto [sales] have peaked, the housing numbers today were just disastrous."