Right now, on fast, the Fed telling the market it sees higher rates sticking around for

some time and warned against what it calls premature loosening.

The news taking quite a bit of steam out of the rallying market today.

Do investors need to prepare for much of the same kind of market in 2023?

Plus, bullish on the banks, top analysts, Mike Mayo here to tell us why he thinks one

of the financials he follows puts out more than 50% this year.

He's banking by minutes away.

And later, Metta's winter melt up.

Microsoft's major meltdown and mining for gains in gold.

I'm Sarah Eisen in for Melissa Lee.

This is fast money light tonight from the NASDAQ market site.

On the debts with me, we have Bono and Eisen, Karen Feynerman, and Dan Nathan.

Guy Adami also joins us.

We'll start with the markets post Fed minutes rollercoaster stocks giving giving up much

of their early gains after the central banks latest signal that more rate hikes are coming.

All three indexes briefly falling into the red mid afternoon.

Markets did manage to finish the day with gains the well off their highs of the session.

The Dow up as much as 272 points ended just 133 points higher and just a little rally

there into the close minutes from the Fed's latest meeting showing officials are committed

to keeping rates higher until there's more significant progress in bringing down inflation.

After the release, futures markets stopped pricing in a rate cut before the end of the

year.

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