CNBC Investing Club

What Cramer is watching Wednesday — bracing for more declines after Fed's unsubtle shift in attack on rising prices

US Federal Reserve Governor Lael Brainard attends a "Fed Listens" event at the Federal Reserve headquarters in Washington, DC, on October 4, 2019.
Eric Baradat | AFP | Getty Images

What I am looking at April 6, 2022

  • Lael Brainard's unsubtle switch to deal with the 5% wage gain versus 9% inflation versus no slowdown. The Federal Reserve Governor gave a hawkish speech Tuesday, leading us at the Club to believe we must get more conservative and protect ourselves from what could be more declines. Daily inflation running at a 40-year high is as harmful as not having a job. Market expectations are for rate increases at each of the remaining six meetings this year, possibly totaling 2.5 percentage points overall.

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