What a sell-off in the last 35 minutes going out right at the lows that is a scorecard on Fed Day

But winter stay late welcome to closing go overtime. I am John Ford with Morgan Brennan

We've got a jam-packed hour breaking down the Fed

decision and the impact going forward on your money. Coming up we're going to get

reaction from former Council of Economic Advisors Chair Jason Furman who

says there's one key message chair power conveyed in his

news conference. Plus ever core founder Roger Altman will give us his first take

on the decision to hike rates and the late session plunge.

Let's get straight to our panel with stocks hitting an air pocket in the final moments, final minutes of this session.

Joining us are Nancy Davis from Quadratic Capital Management and David Servos from Jeffries.

David boy what happened there into the clothes you think and I guess

building on that what do you sell when the Fed thinks the

economy is slowing enough that it doesn't have to keep hiking because credits

going to get harder to come by? You know I think this is all, this two weeks has introduced a lot of uncertainty to the

Fed, to the markets, to everybody involved as to how much of a pullback there will be in the credit provision process,

particularly to small and medium-sized businesses, which are a bit of the lifeblood of the economy, or are the lifeblood of the economy.

So we're flying a little more blind that should

take risk premiums up and I think you know you're seeing a bit of that in equities

I'm not sure you know how to explain the the plus one to down two or what down one and a half

you know there's a lot of positioning that no doubt is in there and I don't know that we

want to get into every little minutia but I do think this brings in a lot more

uncertainty than where we were before and that's why the front end of the bond market is priced the way it is.

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