Cramer: Bold would be nuts to hold tight & # 39; after the next trip

" There is enough contradictory evidence that the economy is slowing, maybe even dramatic, that I think the Fed will wait and see before you take any action. " He said "Mad Money."

While US's employment is the strongest it has been for decades, Cramer has also seen clear signs of economic deflation or when average prices of goods and services fall. In general, the Federal Reserve has the task of hold the lure on inflation or increase in prices.

In recent months, Cramer has noticed that the cost of various goods has collapsed with a decline in oil prices. Both housing prices and housing sales have also declined, often a "prelude" to a downward spiral with lower and lower prices, he said. [1[ads1]9659003] Still, with "incredibly low jobless demands", rising salaries for employees and apparently strong holiday retailers, "it's easy to see" why the Fed would green a single rate hike "said Cramer.

" I let the Fed give us the expected quarterly figure next week, [but] it's not ideal, "he said. "But after that, they would have to keep tight, and even a rate increase … could be the rate increase too far."

The shares traded in a tight area on Thursday when investors analyzed the latest updates from trade negotiations between the US and China including a Reuters report quoting President Donald Trump who said that state-owned Chinese companies had resumed buying American soybeans in an apparent show of good faith.

Fed, an independent unit that presides money policy, will host a federal open market committee meeting next week where central bank managers are expected to raise interest rates by a quarter of a quarter.

In recent weeks, Cramer has played against the Fed's ranks, including Trump-appointed chairman Jerome Powell, not to do his "homework" and to force his own hand in the December trip.