TheStreet’s Action Alerts PLUS Portfolio Manager Jim Cramer is keeping an eye on the Federal Reserve’s June statement, released on Wednesday at 2pm Eastern. ‘I think the Fed is caught up in Brexit,’ Cramer said, referring to the closely-watched referendum next week, when UK citizens will vote on whether or not to leave the European Union. ‘I just want to urge people not to be too pessimistic,’ Cramer said. Most market participants don’t expect the central bank to announce a rate hike, though the Fed’s telegraphing of the pace of rates going forward will be scrutinized.
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