Investors who thought Fed would give in to the President are 'delusional', says Jim Cramer

Group 1 - The Federal Reserve's decision to implement a quarter-point rate cut aligns with the current economic conditions, balancing price stability with job growth, although the labor market is cooling off [1][2][3] - Market reactions were mixed following the announcement, with the Dow gaining 260 points while the S&P and NASDAQ experienced slight declines, indicating differing investor sentiments regarding future rate cuts and stock valuations [2][3] - There was no widespread support for a larger 50 basis point cut, leading to expectations of selling pressure in the market, as some investors anticipated a more aggressive stance from the Fed [3][4] Group 2 - The market's volatility post-announcement created potential buying opportunities, as the focus should be on how the bond market reacts rather than solely on the Fed's statements [5][6] - Bond prices fell while yields increased, reflecting a return to normal market conditions despite some criticism directed at the Fed for its cautious approach [6]