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

Market Reaction to Federal Reserve Decision - The market experienced volatility after the widely expected 0.25% rate cut, with the Dow gaining 260 points while the SME dipped 0.1% and NASDAQ declined 0.33% [2] - The market's reaction suggests some investors anticipated a larger rate cut, while others believe stocks are overvalued without significant rate cuts [2][3] - Some investors may have expected a 0.5% rate cut, influenced by the president's stance, but this expectation was unrealistic [4] - The bond market initially fluctuated but ultimately finished down in price and up in yield, though the movement was not substantial [6] Federal Reserve Policy and Outlook - Federal Reserve aims to balance price stability with job growth, currently prioritizing the latter as the labor market cools [1] - There was no widespread support within the Federal Reserve for a 0.5% rate cut [3] - The Federal Reserve's decision was largely anticipated, and the market's reaction created potential buying opportunities [5] - The speaker does not make investment decisions based solely on Federal Reserve statements, but monitors the bond market's reaction [5] - The speaker anticipates continued criticism from the president regarding the Federal Reserve's actions [6]