Here’s why the Fed’s next big rate hike may be its last

The Federal Reserve is on track to issue another massive rate hike Wednesday before slowing down the pace of its battle to fight inflation.

Analysts and economists are confident the Fed will hike its baseline interest rate range by another 0.75 percentage points at the end of a Wednesday meeting. The Fed’s move will mark the fourth consecutive rate hike of a size it once considered “unusually large.”

It may also mark a turning point as the Fed faces growing pressure to take its foot off the brakes of the economy.