Fed won't do anything but raise rates in 2023, they already said that. And they don't want to stop and reverse too early because it would make things worse. All that's happening right now is a slowing of the rate of inflation but costs are still elevated. Powell also said his goal is to slow inflation in large part by preventing wage inflation (people being paid more). Which also means he seeks to increase unemployment as a way to reach their goal. Unemployment is still too low, so hikes will continue.

End of the war doesn't fix the issues we face. And usually the bottom of the market occurs AFTER the fed has pivoted.