CNBC’s Jim Cramer referred to these factors as “brown shoots” that are disrupting U.S. economic growth.
CNBC's Jim Cramer on Tuesday pointed to signs that the economy is slowing down, looking at several recent weak earnings reports and new data about U.S. manufacturing and services.
"When you combine the anecdotal evidence with the empirical — the PMI report — you can see that right now, at this moment, the brown shoots are infecting the green," he said."And that's exactly what we need for the Fed to justify cutting rates."admitted it's been hard to"parse this economy," but on Tuesday he pointed to signs that the economy is slowing down, looking at several recent weak earnings reports and new data about U.S. manufacturing and services.
"Excluding the opening wave of the covid-19 pandemic, the decline in services staffing levels in April was the most pronounced since the end of 2009," the report said.Tennessee lawmakers pass bill to allow armed teachers, a year after deadly Nashville shooting "Real bad news for the economy," Cramer said."But remember, we need bad news for the economy because that's what cools off inflation — something that's also noted in this PMI report."
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