Jim Cramer says Russia’s invasion of Ukraine could put more pressure on Fed to raise interest rates

Jim Cramer says Russia’s invasion of Ukraine could put more pressure on Fed to raise interest rates

The faces more pressure to increase interest rates as Russia's invasion of Ukraine hinders a market already hit hard by inflation, CNBC's Jim Cramer said Monday. "The war over Ukraine just makes the inflation situation worse. A shortage in oil is already leading to higher prices at the pump," the " " host said, adding that Ukraine's role as a top exporter of wheat and corn could also drive up grain prices. "That means the Fed will be under even more pressure to raise interest rates." "In the end I think that we have to choose, not between Russia or Ukraine or a hardline Fed versus softline Fed, but whether stocks have gone down enough to be able to handle what either Powell or Putin throws at us," he added. Cramer's comments come after the stock market on Monday and continued to react to Russia's invasion of Ukraine. The Dow Jones Industrial Average dropped around 0.49% while the S&P 500 closed down 0.24%. The Nasdaq gained 0.41% after a late-day rally. Ukrainian and Russian officials on Monday with Belarus, and say there could be more negotiations coming. Cramer urged investors to "get used to" the developing situation with Russia, including