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CarMax’s earnings miss is a win in the Fed’s battle against inflation, Jim Cramer says

Por: CNBC Business September 29, 2022

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CNBC's Jim Cramer on Thursday told investors that used car retailer 's recent earnings shortfall is good news for the Federal Reserve's quest to tamp down inflation.When you look at this quarter from CarMax, it tells you the Fed's been incredibly successful at eroding consumer confidence, he said. [Fed Chair] Jay Powell doesn't want people to spend their money on big-ticket items.related investing news7 hours agoCarMax... + full article



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