Us inflation is at multi year resistance.it shows inflation has already peaked. once it will start coming down markets will rally to the upside. Will markets makes new ath sooner or later ? Well who knows?? Ask yourself that question.
Will fed stop rising rates for now?
Very unlikely.
Will fed could consider lowering the basis points ?
Most likely.
Will fed do it in upcoming meeting (23rd sep'22) this month?
Unlikely.