Sonali Basak highlights the market-moving news you need to know. On the show today PGIM Fixed Income's Robert Tipp says the Fed's 50bps move was justified for data at the time, Columbia Threadneedle's Gene Tannuzzo says the Fed does not need to hurry, Barings' Michael Best says the default cycle is going to be a little longer, and Wells Fargo's Maureen O'Connor says idiosyncratic risk is ticking up.