Hey everybody, Rob Mauer here, and today we are going to be talking about the fed meeting

and the interest rate change decision and where things head from here.

We've also got a really interesting update from Ford on the Mustang Mach E. That data

that we talked about yesterday from Nitzah did end up getting published today, so we'll

walk through that quickly.

We've also got news on FSD version 11, Tesla Insurance, and a couple other items as well.

Alright, so as expected with the fed meeting we did see a volatile day in the markets today,

but things did finish in the green and the NASDAQ up to 1.5%, Tesla up 5.5%, closing at $699 per

share. So as we talked about the expectation in recent days for the size of the interest rate

increase from the fed, had risen to ¾ of a percent or a 75 basis point increase, the fed

did go ahead and make that adjustment to the targeted rate which now sits between 1.5% and 1.3

Obviously the markets reacted positively to this and everyone kind of has their own reasoning

behind why that is, whether it's because it wasn't a 1% increase or because the market is glad

that the fed is acting swiftly and doing what they need to do, seeing a variety of explanations,

I'll leave it up to you to determine which combination of explanations seems the most possible,

and of course we'll have to wait and see what happens tomorrow as sometimes it takes the market

a little bit of time to process. I think it was the last meeting or the one prior where we had seen

a strong reversal the following day, and CNBC's only explanation was that the market had

digested the news. So we'll see and of course there is more to this release than just that

interest rate increase a lot of it has to do with the forward guidance, a lot of that is contained

in the SEP or the summary of economic projections and one part of that is the so-called dot plot,

which charts the individual committee members expectations for where the interest rates

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