Welcome to the weekend bite presented by Wall Street Breakfast. I'm Leslie Osman and let's talk rate hike. The latest Fed meeting wrapped up this week with a consecutive 75 basis point hike prompting a decline in stocks continuing this volatile market.

Here to shed some insights on Powell's decision and whether a relief rally is foreseeable is seeking

alphas Kim Khan.

Thanks Leslie, yeah, there was a talk about 75 versus 100, but there wasn't a lot of talk of what everyone's

calling now a hawkish 75, which is what we got been calling a statement,

you know, gave 75 basis points when

so the press conference brought us

what I've been calling a painless Powell.

It's a nod to anybody who's seeing old enough

to see Mash the 1970 movie and you know he came out and said we're going to keep hiking

We're going to get inflation down to 2% we're going to get convincing data with that and you know it we wish it could it wasn't going to get convincing data with that. And, you know, we wish it could,

it wasn't going to be painless, but it,

that's not the way it's going to happen.

Kim, do you think that the markets have appropriately priced

in the feds hike or are they coming up short,

especially given the latest dot plot adjustment?

Okay, so looking at the stock market, I do not think they have priced it in yet.

I don't really even think they've kind of started to price it in yet.

If you looked at the action yesterday after the statement and then during the press conference and then the final half hour

trading, now I was covering the market story and it's changed my headline like five times because the market was bouncing around. What you saw more was a battle of the S&P over the 3,800 level than you really saw any kind of reaction to like this is really

dumbish or this is really hawkish. So I think that the the stock market still

has a ways to go and pricing in you know what's coming from the Fed and I

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