Fast money starts right now. Live from the NASDAQ market side overlooking New York's

snowy Times Square. I'm Melissa Lear. Traders on the desk are Pete Nigerian,

Steve Grasso, David Seaberg and Tim Seymour tonight on fast.

The Facebook fallout rages on, but the stock snapping its losing streak ending the day in the green

and one of the traders bought the social media giant today.

He will explain why he thinks the bottom is in.

Plus, the winner of the Facebook fallout, it might be blockchain.

A top analyst at RBC will explain why the data scandal could be the next big catalyst for the technology

and what it might mean for big tech stocks.

But first, we start with the Federal Reserve decision to raise rates.

Bed chair Jerome Powell towing the line, not too hawkish, not too dovish.

Let's get to our own Steve Leesman down in DC for more.

See what was your take?

You know first of all let's tell people exactly what happened.

It was the first press conference for Fed Chairman Jay Powell and the Fed hiked rates as expected by a quarter point.

Here's the new range folks 1.5 to 1 3 quarters percent. The Fed did also signal

more gradual rate hikes ahead. Now it also up the outlook for growth and lowered the

forecast for unemployment down a 3.6% from the current 4.1% next year.

Also raise the outlook for interest rates. Here you go, not this year.

One forecast short from a Fed official for four hikes this year,

so remains at three, but up the outlook to 2.9% next year,

and a strong 3.4% in 2020 but it did not move the inflation barometer

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