Jim Cramer says higher interest rates are his biggest worry for the market right now.
The Mad Money host flagged the risk about two weeks after the Fed got back to hiking.
Speaking during his Thursday review of Q3, Cramer called the software rebound the defining story of the quarter as software names bounced back and chip stocks cooled.
“My big fear right now is the impact of higher interest rates on the stock market,” he said.
Fed back in hiking mode
The Fed lifted its benchmark rate by a quarter point to 3.75%-4% on September 16 - its first hike since 2023.
The central bank said the move is aimed at getting inflation back to 2% faster. PCE inflation eased to 3.4% in August, but remains well above target.
#EtherGains70.9%InQ3 #EvernorthPlansNasdaqListingOct8
The Mad Money host flagged the risk about two weeks after the Fed got back to hiking.
Speaking during his Thursday review of Q3, Cramer called the software rebound the defining story of the quarter as software names bounced back and chip stocks cooled.
“My big fear right now is the impact of higher interest rates on the stock market,” he said.
Fed back in hiking mode
The Fed lifted its benchmark rate by a quarter point to 3.75%-4% on September 16 - its first hike since 2023.
The central bank said the move is aimed at getting inflation back to 2% faster. PCE inflation eased to 3.4% in August, but remains well above target.
#EtherGains70.9%InQ3 #EvernorthPlansNasdaqListingOct8