Cramer says two recent earnings reports may indicate a slowdown is brewing — but not enough for a Fed cut
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CNBC's Jim Cramer suggests that disappointing quarters from trucking company J.B. Hunt and real estate investment trust Prologis may be a sign of a weakening U.S. economy due to elevated interest rates. However, Cramer believes it is still too early for the Federal Reserve to start cutting rates. He acknowledges that companies in economically sensitive industries like trucking and warehousing did show less-than-ideal earnings results. Cramer maintains that the economy is too strong for rate cuts and advises investors not to expect the Fed to start easing rates. The Federal Reserve Chair, Jerome Powell, recently stated that inflation has not declined enough for the central bank to consider rate cuts in the near future. Prologis and J.B. Hunt did not immediately respond to requests for comment.

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https://www.cnbc.com/2024/04/18/cramer-says-2-reports-could-mark-slowdown-but-not-enough-for-fed-cut.html