Scott Mlyn | CNBC
CNBC’s Jim Cramer mentioned Wednesday he was stunned some market contributors have been caught off guard by the latest reading from the Consumer Price Index, which got here in hotter than anticipated for the month of April.
“Apart from the highest-growth shares … most shares have been anticipating this,” Cramer mentioned on “Squawk Box.”
He mentioned he continues to share Federal Reserve Chairman Jerome Powell‘s view on inflation, viewing the present worth pressures as transitory fairly the start of sustained, problematic will increase.
“I am in Jay’s camp for somewhat bit extra,” Cramer mentioned, whereas stressing that traders nonetheless must place their portfolios to learn from the present financial panorama.