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At the Wabash National Corp. manufacturing facility. In Lafayette, Indiana, workers are assembling semi-trailers in the factory floor.
Finally, Cramer has investigated why a top truck manufacturer on the "Sweet Spot of E-Commerce" issued an unexpectedly negative earnings forecast on Friday
Between the lack of new workers, rising raw costs due to steel rates and declining Demand Waxed Wabash National's Business and Fed's Plans to Increase Interest Rates Several Times Do not (19659005) And while host Mad Money understood why Fed Chairman Jerome Powell was forecasting more rate hikes – rising labor costs As for overtime, it tends to be inflationary – he thought some inflation was "a small price for a strong economy."
"Let's call it a consequence of full employment, why do not these workers just let a little more money earn? "he said. "Companies like Wabash and Thor [Industries will] are clarifying that, they've got a big tax cut anyway, and tariffs are already slowing down the economy so the Fed may not have to take much more action."
But if the Fed does not listen, the US manufacturers do not have a pretty pretty picture, Cramer warned.
"We are in this situation where, just when a dejected manufacturer finally has hope a great year, it has been hit with the triple whammy of higher labor costs, higher steel costs, and higher interest rates," he said. "For me, these rate hikes seem to be a terribly high price that has to be paid to break an inflation cycle that is mainly made by the government."