As bank crisis spreads, Cramer says the Fed may need to take drastic measures

CNBC's Jim Cramer on Wednesday said the Federal Reserve may need to take drastic measures, which could be 'fantastic' for your portfolio.

CNBC's Jim Cramer on Wednesday said the Federal Reserve may need to take drastic moves at next week's meeting, which may be "fantastic" for your portfolio.

However, it's too early to say if the Fed's moves will outweigh the negative effects of the growing banking crisis. With all eyes on the banking sector, CNBC's Jim Cramer on Wednesday said the Federal Reserve may need to take "desperate measures" at next week's meeting — which could be "fantastic" for your portfolio.

"This is going to be the most momentous Fed meeting in recent memory because the next move is so significant, and we don't know what it's going to be," he said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CNBC /  🏆 12. in US

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Regional banks are still vulnerable even with Fed on alert, Jim Cramer saysInvestors dodged a major bullet with SVB and the regional bank fallout, thanks to timely intervention from federal regulators, CNBC's Jim Cramer said.
Read more »

Here’s What Jim Cramer Has to Say About Bitcoin’s Massive RallyJim Cramer, the host of CNBC's Mad Money, remains skeptical of the cryptocurrency's recent rally
Read more »

Fed funds furtures are repricing the Fed significantlyFed funds futures have rallied that shows that traders see a 33% chance that the Federal Reserve holds rates this month while the market pricing shows
Read more »

Jim Cramer says the Fed is on the cusp of a 'soft, safe landing' in its inflation fight'I now believe it would be reckless if Powell goes much beyond 5%,' Cramer said.
Read more »

Bitcoin nears $26,000, and Binance halts UK customer deposits and withdrawals: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Sidney Powell, CEO and co-founder of Maple, breaks down what's next for institutions following the demise of the two main banks for the crypto industry.
Read more »

Pro Picks: Watch all of Tuesday's big stock calls on CNBCA recap of Tuesday's best stock picks on CNBC.
Read more »