Live from the Nasak Market site overlooking New York City's Times Square.

This is Fast Money.

I'm Melissa Lear.

Traders on the desk are Pete Nigerian, Tim Seymour, Dan Nathan, and Guydami stocks

tumbling as the Fed raises rates for the first time in over a decade.

Cuts rates, excuse me, coming up we will break down the four words that set off the

power plunge plus instant market reaction from the man who moves markets,

JP Morgans, Marko Kalonovic,

is standing by to weigh in.

But we begin with the Fed fallout.

Steve Leisman is live in Washington for us.

Steve, big day.

Yeah, big day, Melissa.

And we not only get a lot of tweets about what the Fed's going to do now

we get instant tweets from the president about what they just did.

The president just now tweeting about the decision by the Federal Reserve and Jay Powell saying quote

what the market wanted to hear from Jay Powell and the Federal Reserve was

that this was the beginning of a lengthy and aggressive rate cutting cycle which

would keep pace with China, the European Union, and other countries around the world.

As usual, Powell let us down, but at least he is ending quantitative tightening,

which shouldn't have started in the first place no inflation

we are winning anyway but i'm certainly not getting much help from

...