The market is ready for a big Fed rate hike, so a short-term relief rally could ensue

A trader works on the trading floor as a screen displays a statement by Federal Reserve Chair Jerome Powell following the U.S. Federal Reserve's announcement at the New York Stock Exchange (NYSE), September 22, 2021.
Brendan McDermid | Reuters

The market is so ready for the Federal Reserve's big rate hike later on Wednesday that it could get some relief once it has passed.