A .25 basis point rate hike is nothing to combat the raging inflation we have, they claim its still transitory, let's see what they say when the next CPI is double digits. This is all happening because they waited years to raise rates and secondly well you should know what happens when you print free trillions and make wallstreet continously happy. Now because of their unlimited QE and historical low rates we now have to deal with "transitory inflation" and a .25 rate hike tomorrow is absolutely worthless. They should have done a few emergency rate hikes the last year but nope they would rather wait, wait wait and wait. So tomorrow they raise .25 but because of the geopolitical nonsense going on they will try and talk a good game to now become as dovish as possible because if you add in a hawkish fed on top of what is currently in progress and you will have a beautiful recipe for a global economic collapse. So the fed better be careful how they break down their words tomorrow as markets are easily going to move probably a solid 3%.
Overall expect a .25 rate hike and a fed trying to once again smooth things out with continous dovish statements. How the markets handle it is anyone's guess. If anything the markers are now more concerned about geopolitical differences than a .25 rate hike that should have happened years ago!!!