Are you keeping up with the latest trends in the market? CNBC’s Jim Cramer recently commented on the two key players in the market right now – the Federal Reserve and the technology sector. Both have had positive surprises this week that could potentially impact your investments.
The Federal Reserve announced that they would be holding interest rates steady and revised their outlook to just one rate cut in 2024. However, the consumer price index (CPI) numbers released this week caught them off guard. The CPI, a key inflation gauge, rose 3.3% in May from a year ago, lower than the previous month. This unexpected data could lead to changes in the Fed’s future decisions.
In the tech sector, companies like Apple and Oracle have been making waves. Apple’s stock closed up nearly 3% after their annual developers conference where they announced a significant push into artificial intelligence. This move has surprised the market and led to increased investor interest.
Similarly, Oracle closed up more than 13% on Wednesday despite missing analysts’ expectations in their fourth-quarter results. The company’s strong demand for cloud services to train AI models is a positive sign for the future.
According to Cramer, these developments in the market have the potential to make investors a significant amount of money if they invest wisely. Keeping an eye on the Fed’s decisions and the tech sector could help you stay ahead of the game and capitalize on these opportunities.
For more insights on investing strategies and market trends, check out Jim Cramer’s Guide to Investing on Extreme Investor Network. Stay informed, stay ahead, and make the most of your investments with expert advice from Extreme Investor Network.