CNBC's Jim Cramer on Monday suggested the Federal Reserve will make a rate cut at its meeting next week, a move that investors have eagerly awaited for some time.
We're almost certain to get a rate cut at next week's meeting."
The market seemed to recover on Monday following its worst week of 2024 so far, with investors hopeful a rate cut will aid the economy.
Cramer reviewed the recent market action, saying Wall Street had not been behaving as it should with rate cuts just on the horizon.
"Rather than trying to figure out what's driving these irrational moves, you should focus on buying dips in high-quality stocks," he said.
Persons:
CNBC's Jim Cramer, payrolls, Cramer
Organizations:
Reserve, Fed, Dow Jones, Nasdaq