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president. police were chasing o.j. simpson in a white bronco. this time it s the feds chasing something else. not o.j. on the run, but prices out of control. experts call it getting ahead of the inflation curve. investors like what they saw. will you? after all, your borrowing costs just went up and stand to go up more. the hope is that the tough medicine will work and this inflation fever he break. the only question, of course, is when. we ve got you covered regardless. connell mcshane at the nasdaq and why traders are buying. the guy they call the sarge on whether order is returning. ed lawrence with jerome powell and gerri willis says many are rejoicing. welcome. i m neil cavuto. this is a much more expensive your world. for today at least, rejoicing at the prospect that it won t last very long. at least the high prices. we go to connell mcshane with more. connell? investors more than anything like what they heard from the fed chair, jerome powell, after the dec ....
your world. for today at least, rejoicing at the prospect that it won t last very long. at least the high prices. we go to connell mcshane with more. connell? investors more than anything like what they heard from the fed chair, jerome powell, after the decision to hike interest rates. the message from the chair boiled down to this. yes, we know we had to be aggressive today and we were. but don t get used to it. might not be like this forever. so .75 points higher. the first time since 1994. but powell comes out of this news conference, which we ll hear more about in just a moment, and he said this is not common. won t be common. after those comments it seems like the stock market took offer. i want to show you two charts of the dow jones to show you where we ve been and where we re going. where we ve been is important. the dow fell give or take about ....
I don t think this offered solace for the future. neil: the other thing that is interesting, how high we ll be at the end of the year. the federal reserve could look out to the end of the year, could be up to 3, 3.5%. that might not cut it enough. it might not do it. so what is your sense? i feel like wall street is relieved because the federal reserve, jerome powell, met the market where it was. we got the 75 basis point hike. we could get 50 to 75 next month. 75 basis points wouldn t be a common occurrence. i heard a lot of calming from jerome powell today talking about a softish landing, saying the economy is still strong. there s still two jobs for every applicant on the market. credibility is the question. if you listen to the first few questions in the press ....
President. police were chasing o.j. simpson in a white bronco. this time it s the feds chasing something else. not o.j. on the run, but prices out of control. experts call it getting ahead of the inflation curve. investors like what they saw. will you? after all, your borrowing costs just went up and stand to go up more. the hope is that the tough medicine will work and this inflation fever he break. the only question, of course, is when. we ve got you covered regardless. connell mcshane at the nasdaq and why traders are buying. the guy they call the sarge on whether order is returning. ed lawrence with jerome powell and gerri willis says many are rejoicing. welcome. i m neil cavuto. this is a much more expensive ....
Year. so they think its key rate, instead of below 2% will have to go as high as 3 or 4% by the end of the year that is the expectation. they seem to know the game that they re playing right now. again, the key comment for investors from jerome powell was, this will not be a common occurrence. so we ll see where we go from here. for today a good day for the market. neil? neil: they ll take what they can when they can take it. thanks very much, connell. to edward lawrence on jerome powell and this shifting language. because if memory serves me right, the key was talking not too long ago about a half a point hike and that will do it. what happened? yeah, that s very interesting that he did talk about why that happened. he said it s very uncommon nor the board to move. sounds like they were planning doing a half a point. when they saw the cpi number, ....