March jobs report gives the Fed room to keep interest rates low, Jim Cramer says

Businesses hired 916,000 workers last month, according to data from the Bureau of Labor Statistics released Friday."This kind of labor report gives Fed Chairman Jay Powell the green light to keep holding rates low," Cramer said.

last month, according to data from the Labor Department released Friday. However, the report also showed average hourly earnings declined by 4 cents in March."Professional money managers crave growth without wage inflation, and that's just what we got … nirvana for stocks," Cramer said. "This kind of labor report gives Fed Chairman Jay Powell the green light to keep holding rates low.

Fuck what Jim has to say.

You know what benefits from low interest rates? $VACQ

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Powell says it's 'highly unlikely' the Fed will raise rates this year, despite stronger economy'I think it's highly unlikely that we would raise rates anything like this year,' Powell told '60 Minutes' in a broadcast Sunday evening. We need to raise the rates because we need a cushion to fall on in the next recession or crises. 📈📈 I am looking for new, good friends
Source: CNBC - 🏆 12. / 72 Read more »