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Market could sink if Fed’s Powell ‘slips up’ during ‘heckling’

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CNBC’s Jim Cramer on Tuesday warned about the stock market implications of Federal Reserve Chairman Jerome Powell‘s upcoming post-meeting news conference.

The Fed is set to release its policy statement at 2 p.m. ET on Wednesday, at the conclusion of its two-day June gathering. Powell’s Q&A session with reporters is scheduled to follow. Powell’s comments are being highly anticipated across Wall Street, as traders and investors look for fresh insights into how the Fed will respond to a series of recent data points showing inflation rising across the U.S. economy.

On “Squawk Box,” Cramer said he expects Powell to face “endless heckling” from journalists about whether the central bank’s highly…



Source cnbc.com

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