TheStreet’s Action Alerts PLUS Portfolio Manager awaits the Federal Reserve’s March statement, released on Wednesday afternoon. ‘I think that the Fed is going to signal that given the fact that oil has come back, maybe the world has calmed down a little, it’s going to be time to tighten in the summer and I think that people should be prepped for that,’ Cramer said. The markets are pricing in a zero percent chance of a rate hike later this week, but a 47 percent probability of a liftoff when the Fed holds its June policy meeting. The central bank raised rates for the first time in nearly a decade back in December of 2015, after years of near-zero interest rates following the 2008 recession.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
