The Federal Reserve went on a rampage this year, hiking its benchmark federal funds rate from practically zero to now inside a range of 4.25% and 4.5%, as the agency has moved quickly to try to get a handle on inflation.

The Fed's campaign isn't done yet, either, with members of the Federal Reserve projecting that the federal funds rate will go as high as 5.1% in 2023.

But investors have been hoping that once the Fed gets inflation under control, it might be able to actually start cutting interest rates, which would likely set up a better environment for the stock market. Will it happen next year? Let's take a look.

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Source Fool.com