Jim Cramer expects some causes of inflation 'to get worse' before they get better
CNBC's Jim Cramer said Tuesday he expects some of the inflationary pressures in the U.S. economy to remain at problematic levels for a little longer before relief arrives. Sign up and learn more about the CNBC Investing Club with Jim Cramer https://cnb.cx/3Ei22n4
CNBC’s Jim Cramer said Tuesday he expects some of the inflationary pressures in the U.S. economy to remain at problematic levels for a little longer before relief arrives.
“As I peel the layers off the rising prices, I keep finding deliberate rules and processes that are safer and cleaner and less authoritarian than anywhere else, but also promote inflation in a seriously negative way,” the “Mad Money” host said.
As examples, he pointed to rules that deal with hours of service for truck drivers at a time when driver shortages are commonplace, as well as policies for hog slaughtering and their impact on the supply of meat products, such as bacon.
“In many cases, this stuff is the cost of a safer, better, freer society, and I think it’s worth the price. But make no mistake, the price is real, and it’s going to get worse before it gets better,” Cramer said.
With inflation in the U.S. running at its hottest pace in decades, the Federal Reserve is widely expected to raise its benchmark interest rate in March. That’s the central bank’s primary tool to combat inflation and deliver price stability, one half of its mandate along with full employment.
Cramer said he does believe there will be some natural improvement in the inflationary pressures. He cited as an example recent comments made by the CEO of Colgate, Noel Wallace, who said on the company’s earnings call last week that he expects raw material costs to peak in the first quarter.
“So many companies saw such large raw-cost increases last quarter that now they have no choice but to pass these costs on to their customers by raising prices now ... and those price hikes are hitting you now,” Cramer said.
“When you go to any store or restaurant in the next two months, you’re going to see substantially higher prices,” he predicted.
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: https://www.cnbc.com/2020/09/29/the-news-with-shepard-smith-podcast.html?__source=youtube%7Cshepsmith%7Cpodcast
Connect with CNBC News Online
Get the latest news: http://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC
https://www.cnbc.com/select/best-credit-cards/
#CNBC
#CNBCTV
Видео Jim Cramer expects some causes of inflation 'to get worse' before they get better канала CNBC Television
CNBC’s Jim Cramer said Tuesday he expects some of the inflationary pressures in the U.S. economy to remain at problematic levels for a little longer before relief arrives.
“As I peel the layers off the rising prices, I keep finding deliberate rules and processes that are safer and cleaner and less authoritarian than anywhere else, but also promote inflation in a seriously negative way,” the “Mad Money” host said.
As examples, he pointed to rules that deal with hours of service for truck drivers at a time when driver shortages are commonplace, as well as policies for hog slaughtering and their impact on the supply of meat products, such as bacon.
“In many cases, this stuff is the cost of a safer, better, freer society, and I think it’s worth the price. But make no mistake, the price is real, and it’s going to get worse before it gets better,” Cramer said.
With inflation in the U.S. running at its hottest pace in decades, the Federal Reserve is widely expected to raise its benchmark interest rate in March. That’s the central bank’s primary tool to combat inflation and deliver price stability, one half of its mandate along with full employment.
Cramer said he does believe there will be some natural improvement in the inflationary pressures. He cited as an example recent comments made by the CEO of Colgate, Noel Wallace, who said on the company’s earnings call last week that he expects raw material costs to peak in the first quarter.
“So many companies saw such large raw-cost increases last quarter that now they have no choice but to pass these costs on to their customers by raising prices now ... and those price hikes are hitting you now,” Cramer said.
“When you go to any store or restaurant in the next two months, you’re going to see substantially higher prices,” he predicted.
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: https://www.cnbc.com/2020/09/29/the-news-with-shepard-smith-podcast.html?__source=youtube%7Cshepsmith%7Cpodcast
Connect with CNBC News Online
Get the latest news: http://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC
https://www.cnbc.com/select/best-credit-cards/
#CNBC
#CNBCTV
Видео Jim Cramer expects some causes of inflation 'to get worse' before they get better канала CNBC Television
Показать
Комментарии отсутствуют
Информация о видео
Другие видео канала
Jim Cramer breaks down Monday's stock market action, says be selective on industrial stocksWatch Jim Cramer's full interview with Waste Management CEO Jim FishJim Cramer shares his outlook for the top 5 largest holdings in the Ark Innovation ETFCramer's lightning round: Corning Inc. can still go higherJim Cramer breaks down the investment case for natural gas firm Coterra EnergyKevin O'Leary: When you reset twice in a row like PayPal, you go into the penalty boxThe Upcoming Stock Market Collapse | Round 2What investors need to know about social media stocks reporting after the bellIs the tech rout over? Two experts break down the sector's latest rallyCramer sees promise in Coterra Energy, but still prefers Devon and Pioneer right nowMeta misses on earnings, beats on revenueLoup Ventures' Gene Munster breaks down Meta earningsJosh Brown: I don't think we've seen the end of market volatilityWatch Jim Cramer's full interview with Thermo Fisher CEO Marc CasperTom Lee: 'Treacherous' market activity paves way for 'violent rally' in FebruaryThere's a good chance we see non-U.S. markets do better than U.S.: Rebecca PattersonMeta shares down in after-hours on reports of declining daily users in U.S. and CanadaJim Cramer reacts to PayPal earnings: It is a disasterJim Cramer's list of investible companies that benefit from inflationMeta stock plunges after earnings