“It is still ridiculous that anyone is freaking out over these stories, still. These stories about a hiring slowdown, as unfortunate as they are,” Cramer said.
The Federal Reserve has increased interest rates this year to tamp down skyrocketing inflation, sparking fears about a looming recession. The Fed's next meeting will take place later this month, and investors expect a 75- or 100-basis point rate hike after June's red-hot inflation numbers.
Cramer told investors that instead of nervously eying large companies and their hiring moves, they should focus on taking a long-term strategy for their portfolios. "Take long-term positions in what you like or simply buy a very good index fund in terms of the low cost, and hold it. That's been the best form of investing and it's one that historically handily beats inflation," he said.for the CNBC Investing Club to follow Jim Cramer's every move in the market.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
France must invest more to fight wildfires - ministerFrance must invest more money to fight wildfires, Agriculture Minister Marc Fesneau said on Wednesday, as President Emmanuel Macron prepared to visit the Gironde region which has been hit by devastating blazes.
Read more »
We have $1.5 million we don’t intend to ever use in retirement – how do we invest it if we plan on giving it to our kids one day?Have a question about your own retirement savings? Email us at HelpMeRetiremarketwatch.com
Read more »
Goldman Sachs CEO says recession risk high as company plans to slow hiringGoldman Sachs CEO David Solomon said factors, including high inflation and slower hiring, means the chance of a recession in the coming years is high.
Read more »
Apple plans to slow hiring, spending in 2023: reportOther tech companies being more cautious about hiring include Google, Meta Platforms, Spotify and Uber.
Read more »
Billionaire investor Ken Langone says these are the '3 most powerful things in business''The three most powerful things in business: a kind word, a thoughtful gesture, and passion and enthusiasm for everything you're doing,' he told Jim Cramer.
Read more »
The Fed Is Upside-Down on Inflation and That's a Big RiskEconomists say it’s hard to understand how the Fed will bring inflation down if the federal fund rate remains negative throughout the year, as shown in the Fed’s own forecast.
Read more »