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Transcripts For CNBC Fast Money Halftime Report 20161214

The fed decision is coming today. A decision that has already been made by this point. Right. Any visurprises today . The market is discounted fully. The real issue is what the chair says in her press conference. It will either be a nonissue because its already discounted or whatever she says in terms of the future path and the key operative words are slow and gradual. Do they change from that or not . Well see. If you are sitting in the room today or you have been advising or around the table over the last several days, put into context what the trump rally means to that conversation. Thats a great question because weve seen rates come up. It started after brexit. Remember, the tenyear treasury was at 136. 6. Thats the lowest since hamilton. Not the musical. The real guy. The british rate. Things started to rise. It was at 188 before the election. Im talking about the tenyear treasury, and now its up bobbing its head. Whats interesting is that weve seen equities rise against that back

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