For now, consumer spending and business hiring remain at solid levels. That removes the probability of a recession in the short term, but at the same time it generates concern because they are two variables that feed inflation. And if inflation does not subside, the Federal Reserve will have to raise its interest rate even more to control it.
The Federal Reserve Announces Its Strongest Interest Rate Hike Since 2000. Experts Fear Aggressive Hikes Lead To Recession | Univision Money News
