John, thank you very much and right now on fast fed chair pal waxing poetic saying we

are navigating by the stars under cloudy skies there's a metaphor for you he also said

inflation is too high still and he's prepared to raise interest rates further so why did

stocks finish the week on a high note we'll look at that plus ditching the down payment almost

zillow testing mortgages with just one percent down so this is a smart way to help cash strap

buyers or maybe another disaster in the making and later our chart of the week will unlace

shoemakers epic losing a shoemakers epic losing streak and why it could ripple across a host of

consumer stocks good afternoon everybody i'm Tyler Matheson in frivolously this is fast money live

from the mat nasdaq market site and on the desk tonight steve grass so

temsi more and sitting in as our guest traiter is steward kaiser cities head of equity trading

strategy steward welcome welcome to all of you in fact good to be with you we start with the

markets and the fed of course story of the day stocks jumping today despite of chair gerome

pals warning that more rate hikes could be ahead how hard a warning was it or was it a little

squishy treasury yields also rising take a look at the two year yield surging to its highest level

since the first week of july cnbc senior economics reporter steve leasman is in jackson whole

Wyoming a beautiful spot with all the details high steve hey Tyler thanks a lot yeah fed chair

pal delivering what you could call a moderately hawkish speech in jackson all year which he said

inflation was still too high despite by the way recent progress of the acknowledge

and he said his choice seems to be between holding rates at a restrictive level or hiking again

we are in a position to proceed carefully as we assess the incoming data and the evolving outlook

at risks two months of good data are only the beginning of what it will take to build confidence

that inflation is moving down sustainably toward our goal we can't yet know the extent to which

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