The Fed Leaves Rates Unchanged… And Impact On The Bank Trade 6/12/24
CNBC's "Fast Money"
CNBC
3.9 • 1.3K Ratings
🗓️ 12 June 2024
⏱️ 44 minutes
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| 0:00.0 | Large from the Nazac, Marcus, I didn't know heart of New York City's Times Square. |
| 0:06.2 | This is Fast Money. Here's what's on tap tonight. The feds inflation win. The S&P and |
| 0:10.7 | Nasac had new records. The C. P. P. I. C. P. P. A. C. P. P. P. A. A. A. A. A. A. A. A. A. A. A. A. A. A. A. A. A. A. new record, the C.P. I. The C. P. I. Come in softer than even Jerome Powell |
| 0:14.5 | than the Central Bank expected. |
| 0:15.9 | But should a market assume rate cuts are definitely |
| 0:18.8 | coming this year, we will debate that. |
| 0:20.7 | And banks breaking out ending a three day down down draft but one big name didn't come |
| 0:24.6 | along for the ride to stop on the sidelines and what it means for the sector. |
| 0:28.1 | Plus, Tim's Blycep trade gets a boost from lift surge. Oil prices rise as energy stocks take a hit. |
| 0:34.8 | Broadcom booms after earnings and an interesting trade in GameStop peaks our |
| 0:39.4 | interest. What's behind the late day sell-off here. I'm Melissa Leak from Studio B at the |
| 0:43.9 | Nazac on the desk tonight. Tim Seymour, Karen Friderman, Dan Nathan, and Guy Adami. |
| 0:48.0 | We start off with markets pairing their games after Jerome Powell's press conference, the |
| 0:51.6 | Nasak and S. V. both studying new records on the heels of the Fed decision and softer than expected |
| 0:56.5 | CPI report, but closing well off their highs of the session, the Dow |
| 1:00.4 | down about 35 points. |
| 1:02.1 | Take a look at some of the big |
| 1:03.6 | big winners of the day. Banks rising more than 2%. Home Builders up more than |
| 1:07.5 | three Apple and Invadia also seeing outsized games today. More on Apple in |
| 1:11.6 | just a minute, but we begin with the headlines from the Fed and the inflation |
| 1:15.3 | report. |
| 1:16.3 | Let's bring in the NBC Steve Leisman, who is there on the ground. |
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