Right now in fast the Fed hits the market with a 75 basis point rate hike and tells investors

to prepare for another hike of 1 plus percent before the end of the year.

Chair Powell also saying the Fed can't take its foot off the gas until inflation is under

control.

And if that causes the economy to tumble into a recession, well, that's the price we'll

have to pay.

The market's whipsawing in the final two hours of trading the S&B finishing down 1.7 percent

big losers.

All those travel and leisure names that had been getting a bit of light and as that dropping

almost 1.8 percent meta alphabet Tesla, Apple, Alternate Negative in the final hour and

the Dow falling more than 520 points shortly after the Fed decision.

It was higher by 315.

Treasuries also whipsaw action.

Take a look at the moves in the two year ending the day above 4 percent.

And then there's the dollar that Dixie wants again hitting a 20 year high.

What a day.

Welcome to Fast Money everybody.

I'm Melissa Lee.

Tonight everything you need to know about the Fed decision and the ripple effects it will

have on the markets, the economy and your money.

A full house right here at the Nasak, Tim Seymour, Karen Pinement, Dan Nathan and Steve

Grasso.

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