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Published on 19 Dec 2024 on Benzinga

Jim Cramer Warns Of 'Incredible Panic' As Jerome Powell's Hawkish Outlook Send...

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The U.S. stock market experienced a severe selloff Wednesday after Federal Reserve Chair Jerome Powell‘s comments triggered what CNBC’s Jim Cramer described as “incredible panic” in the markets.

What Happened: “People throwing away good and bad. Typical index fund behavior,” Cramer wrote on X, specifically highlighting concerns about small-cap stocks’ performance. “And all of those people who loved the Small Caps (the Russell 2000?) now what??”

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