He added that while the stock market will continue to experience pain, it shouldn’t scare investors away from making carefully selected purchases.
CNBC's Jim Cramer on Thursday said that there are three crucial areas where prices need to come down for the Federal Reserve to stop inflicting pain on the stock market.
"They're not winning on food, they're not winning on housing, and they're not winning on wages and they need to hit that trifecta before this will end," he said. CNBC's Jim Cramer on Thursday said that there are three crucial areas where inflation needs to come down for the Federal Reserve to stop inflicting pain on the stock market.
"They're beating inflation in so many places. Unfortunately, they're not winning on food, they're not winning on housing, and they're not winning on wages and they need to hit that trifecta before this will end," he said. Persistent inflation this year driven by Russia's invasion of Ukraine, Covid shutdowns and worker shortages has pushed up prices for everything from gas at the pump to food at the grocery store. The food index
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