Jim Cramer predicts a narrowing market amid mixed messages from the Fed, while Nick Timiraos weighs in on anticipated meeting.

CNBC's Jim Cramer explained four different schools of thought among investors in examining the mixed messages they took from Wednesday's Federal Reserve meeting. The first camp of buyers believe the Fed's bark is worse than its bite and don't think it will end up hiking rates to the point of recession. The second camp believes in the exact opposite. The third camp is comprised of those with "FOMO," or fear of missing out, who are excited about fast-casual restaurant chain Cava. The fourth camp are made up of money managers who have been short with this market so far and now realize they have made a mistake.