Rate hikes, and elections, have consequences. If CNBC's Jim Cramer can be considered a canary in a coal mine, it might be time for concern.
Company leaders across industries are telling Jim Cramer — off the record — that they're worried about a slowdown in the U.S. economy, Cramer said Thursday on CNBC.
"So many CEOs have told me about how quickly things have cooled," the "Mad Money" host said. "So many of them are baffled that we could find ourselves in this late-cycle dilemma that wasn't supposed to occur so soon."
Cramer has been warning investors for weeks about a manmade slowdown in the U.S. economy, fueled by the two-pronged pressures of the Federal Reserve's interest rate hikes and the Trump administration's tariffs. Now, high-profile CEOs are worried about growth slowing so drastically that it could actually hurt the economy, he said.