We're Officially In A Recession

[Bengalzona]

I think the real question isn't the "r" word, it is the "h" word.... as in hardship. Are folks feeling hardship? They are. But right now, that is more from the "i" word (inflation). And slowing the economy with interest rate hikes is really about the only tool to stave off inflation at this point (which we really, really want to do). Inflation is happening due to imbalance between supply and demand. And there a lot of things going on that mean we are limited with what we can do to address supply issues. Hence, we have to go at from the demand side. Employment is the highest it has been in decades, which is one of the things fueling demand. If companies start throwing around the "L" word (layoffs), then the "r" word will become a more of an issue.