News > Jim Cramer says Wednesday’s market rally was ‘based on a dream’

Jim Cramer says Wednesday’s market rally was ‘based on a dream’

CNBC’s Jim Cramer said that Wednesday’s rally will likely reverse course as soon as a Federal Reserve official reminds Wall Street of its hawkish stance against inflation.

“The moment some Fed-head explains the obvious, today’s gains will indeed disappear because they’re incompatible with the Fed’s attempts to control inflation. This rally was based on a dream,” he said.