Jim Cramer Warns of ‘Unholy Developments’ Crushing Rate-Cut Hopes as Brent Tops $92 After Strait of Hormuz Attacks
Jim Cramer warns 'unholy developments' and a hawkish Fed will crush rate cut hopes as Brent crude tops $92 after Middle East tanker attacks.
Oil prices went up because of attacks in the Middle East, which might make the Federal Reserve (the bank that controls money rules) keep interest rates high instead of lowering them. When rates stay high, it can make stocks less attractive to investors, so it's worth watching what happens to oil prices and Fed decisions.
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