The Fed rate hike announcement is due out Wednesday afternoon, | CRYPTOMOONVIP

The Fed rate hike announcement is due out Wednesday afternoon, and markets are anticipating another monster increase.

The great bulk of traders, investors, economists and strategists are forecasting a 75 basis point (bp) increase to the federal funds rate when Chair Jerome Powell and the rest of the Federal Open Market Committee (FOMC) wrap up their latest policy confab on Wednesday.

The question then isn't so much whether the Fed will hike by 75 bp later this week. (Although a not insignificant portion of the bond market is betting on a 100 bp hike.) Rather, the big unknown is where and when does the Fed's current policy of tightening end?