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CNBC's "Fast Money"

The Fed Leaves Rates Unchanged… And Impact On The Bank Trade 6/12/24

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.91.3K Ratings

🗓️ 12 June 2024

⏱️ 44 minutes

🧾️ Download transcript

Summary

Another pause out of Powell, as the Federal Reserve leaves rates unchanged, noting some progress on inflation. What the central bank is forecasting for rate cuts this year. Plus The rate decision’s impact on financial stocks. Why one top bank analyst says it could be a boost for the group. Fast Money Disclaimer

Transcript

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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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