Summary : When a recession comes, the Fed has the good sense to stop raising rates,” the “Mad Money” host said.
Stocks rose on Thursday despite the latest GDP data showing that U.S. economic growth fell for the second consecutive quarter, according to the Bureau of Economic Analysis. The market rallied on Wednesday after the Federal Reserve raised interest rates by 0.75 percentage point and indicated it could take a softer approach with future rate hikes. Cramer acknowledged that some stocks, like those of homebuilders, will likely suffer due to higher interest rates.
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