Jim Cramer Says the Economy Could Be Cooling Enough for the Fed to Dial Back Its Inflation Battle

In September the Fed raised interest rates by 0.75 percentage points for the third consecutive time.

CNBC's Jim Cramer on Tuesday said that recent economic data shows the Federal Reserve could start taking a softer approach to inflation.

"This rampant inflation may not be as malignant as the hawks seem to believe, and that means the Fed might ratchet down the next" interest rate increase, he said. CNBC's Jim Cramer on Tuesday said that recent economic data shows the Federal Reserve could start taking a softer approach to inflation. "This rampant inflation may not be as malignant as the hawks seem to believe, and that means the Fed might ratchet down the next" interest rate increase, he said.

In September the Fed interest rates by 0.75 percentage points for the third consecutive time and indicated it would continue to do whatever it takes to tamp down inflation.Download NBC 5 Dallas-Fort Worth

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