Right now in fast-fed chair Powell drops the hammer, no pause, no pivot, and markets should

get ready for even more rate hikes than we initially expected stocks went from cheering

what seemed like a dovish statement to tumbling once the chair and no one in turn said the

inflation fight is far from over, so how high could rates go from here?

Crude on the climb WTI crossing 90 bucks the barrel for the first time since October

12th, Brent back above $95, will this keep the bulls piling into the energy patch plus

Apple's new China challenge, the company's largest iPhone plant being shut down for at least

a week, more COVID lockdown, so how big a problem will this be for Apple?

And later, Roku rocked the streaming device maker, dropping almost 20% on grim key for

guidance and a somber take on the ad market, a host of earnings alerts on tap this hour.

I'm Melissa Lee.

This is fast money, we're live at the Nasalek Market, side of the hard times square on

the dust tonight.

See Brasso, Dan Nathan, Guadami, and Michael Contopolis, director of fixed income at Richard

Bernstein Advisors.

We welcome you, Michael.

And we start off with the markets post to Fed rollercoaster ride that out jumping more

than 400 points immediately after the central bank statement was released, but quickly giving

back those gains and then some major averages closing near their lows of the session.

The S&P down 2.5% the Nasalek down more than three treasury rates meantime jumping with

the short term two-year rate briefly climbing above 4.6%.

Let's get more on the headlines out of the Fed, the impact in the markets with the one

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