Mixed inflation data may be needed for a soft landing

CNBC’s Jim Cramer told investors on Monday that while the market remains volatile as it receives conflicting signals about the state of inflation, the vacillation could give way to a soft landing.

“The news is precarious. It could go either way. But maybe we need to see that if we’re going to have a soft landing, not a terrible crash,” he said.

“If all the data were strong, we would be set for a series of aggressive rate hikes that would wreck the economy. If all the data were weak, then it’s already too late,” he added.

The Mad Money host pointed to several bad and good news the market has recently received, including that pending home sales rose 0.7% in May compared to April and durable goods orders in the month may have risen.

At the same time, major indices posted declines on Monday and several commodity prices declined, although the energy sector posted gains, he added.

“The ideal outcome here is to get enough of a slowdown so the Fed can gradually raise rates without putting a lot of people out of work,” Cramer said. But Wall Street could be bracing for layoffs after a hiring boom at the height of the pandemic.

https://www.cnbc.com/2022/06/27/jim-cramer-mixed-inflation-data-might-be-necessary-for-a-soft-landing.html Mixed inflation data may be needed for a soft landing

Drew Weisholtz

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