Cramer Says Fed Has No Excuse to Delay Rate Hike

The Federal Reserve has no excuse to put off hiking interest rates in March, CNBC’s Jim Cramer said on Thursday.

“The rest of the economy is strong enough to take it,” Cramer said on “Squawk on the Street.”

Markets have been looking at the probability that the Federal Open Market Committee will approve a rate increase at its March 14-15 meeting.

Expectations zoomed to 69 percent on Wednesday after hawkish statements from several prominent Fed officials and strong economic data.

Fed Governor Lael Brainard — a known dove in the central bank’s monetary policy committee — said Wednesday evening the Fed could raise rates “soon,” citing an improved global economy.

The Fed is expected to implement at least three rate hikes this year.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza