The Fed can’t stop raising interest rates due to these 4 factors, Jim Cramer says

'This market's hostage to the Federal Reserve, and the Fed's not going to stop tightening until they see more evidence of real economic pain,' Jim Cramer said.

CNBC's Jim Cramer on Monday listed four reasons why the Federal Reserve can't stop tightening the economy just yet.

CNBC's Jim Cramer on Monday listed four reasons why the Federal Reserve can't stop tightening the economy just yet.That makes it more difficult for the Fed to stamp out wage inflation.While many engineers are needed to carry out the measures in the bipartisan infrastructure bill and Inflation Reduction Act, "we're tapped out of engineers," he said.The abundance of these workers means the enterprise software industry is "bloated" and more layoffs are likely coming.

The major indexes gained overall last week after Fed Chair Jerome Powell indicated the central bank could ease its pace of increases in December, though a strong labor report on Friday disrupted stocks' ascent. Stocks fell Monday on investor fears that policymakers could steer the economy into a recession.

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