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After the Federal Reserve cut the benchmark borrowing rate by 25 basis points, CNBC’s Jim Cramer shared a few types of stocks he thinks are solid buys in the current economic environment.
“The Fed’s still on the side of the bulls because it’s still in easing mode, even if the current economic data is unclear,” he said. “That means we don’t have to fight the Fed when we buy stocks.”
The central bank lowered interest rates even as members were split on the decision — some feared a cut would fire up inflation, while others felt a cut was necessary to strengthen the job market. Fed Chair Jerome Powell indicated future rate hikes are unlikely, but he struck a cautious tone regarding cuts in 2026.
The averages climbed on Wednesday as investors celebrated the third consecutive rate cut and bet the Fed would continue to ease next year. The Dow Jones Industrial Average
