Jim Cramer Says It's Not a Good Time for the Fed to Slow Rate Hikes

Per CNBC

Jim Cramer says there's enough pain in the market for the Feds to slow its rate hike. He pointed to sectors like crypto and software as an example of the damage done by the Feds.

Cramer said the reported Amazon layoffs were also an example of the damage done by the Feds.

Cramer: "The Fed's already done a great deal of damage to the economy, it's just that it's all packed into the most bloated sectors."

He also said consumers are starting to feel the results of the interest rate hikes as the number of worker layoffs increases.

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