Why would the Fed slow rate hikes?

There's been 0 indication that inflation has peaked or is coming down. I'm struggling to understand why the market is pricing in the fact the fed will likely slow or stop rate hikes. I've also yet to see any intelligent discussion of the impact that QT will have on the economy + it seems like the lagging nature of interest rate effects on growth/earnings has escaped people. Am I missing something here? Would like to have a logical discussion here.