'The hawks on the Fed are going to be gunning for no more rate cuts, which is obviously not what the market wants,' says CNBC's Jim Cramer.
"The hawks on the Fed are going to be gunning for no more rate cuts, which is obviously not what the market wants," said Cramer, after a volatile last week on Wall Street gave way to a three-session rebound.On Wednesday, the
plummeted 800 points, or 3%, with bond yields falling to multiyear lows and the 10-year Treasury yield inverting and trading for short time lower than the 2-year yield.Against a backdrop of lower market rates and concerns about global economic growth due the U.S.-China trade war, the marketLast month, central bankers reduced rates for the first time in more than a decade. The 0.25% move dropped rates to a target range of 2% to 2.25%.
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