Cramer: It's the Fed versus China and Putin and stocks hang perilously in the balance

China's President Xi Jinping and Russian President Vladimir Putin airs with Mongolia's President during their trilateral gathering connected the sidelines of the Shanghai Cooperation Organisation (SCO) leaders' acme successful Samarkand connected September 15, 2022. China holds the "dominant position" successful its narration with Russia, and Chinese President Xi Jinping is nary longer prepared for Russia to "act arsenic it pleases", said a governmental expert pursuing Xi's archetypal gathering with Russian President Vladimir Putin since the warfare began.

Alexandr Demyanchuk | AFP | Getty Images