Part 6/10:
- Economic Data: Wednesday will reveal new home sales figures amid ongoing challenges in the housing market due to high mortgage rates. Cramer notes that until rates decline, substantial improvement in home sales seems unlikely. Additionally, the market will digest the Personal Consumption Expenditures (PCE) index, a key indicator of inflation favored by the Fed. He underscores the difficulty in interpreting inflation data that is heavily influenced by tariffs, which complicate the Fed’s decision-making process on rate hikes or cuts.