Jim Cramer reacts to May’s inflation report: The Fed should raise rates by 100 basis points

CNBC’s Jim Cramer joins ’Squawk Box’ to react to May’s hotter-than-expected inflation figure. “I want the Fed to go 100 basis points,“ Cramer tells Andrew Ross Sorkin. For access to live and exclusive video from CNBC subscribe to CNBC PRO:   » Subscribe to CNBC TV: » Subscribe to CNBC: Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30:   Connect with CNBC News Online Get the latest news: Follow CNBC on LinkedI