This may be Fed's last rate hike, 'for good' -wealth advisor

STORY: At the end of its two-day policy meeting, the Federal Open Market Committee said that "some additional policy firming may be appropriate," leaving open the chance that one more quarter-of-a-percentage-point rate increase, perhaps at the Fed's next meeting, would represent at least an initial stopping point for the rate hikes.

But Lee believes there's a good chance Wednesday's quarter-point move will be the Fed's last.

"My base case is that inflation's coming down... and the stickiest part of, potentially, inflation is the wage pressures - and the signs of wage pressures coming down I think is another reason why the Fed just may stop now."

Fed Chair Jerome Powell opened his post-meeting news conference with remarks focused on the recent banking crisis, seeking to reassure depositors, consumers and businesses that the system was sound after the spate of actions that the central bank and other regulators have taken in the last two weeks.