One minor correction, interest rates have been raised to fight inflation. Concerns of a recession came because when you raise rates people spend less and the economy slows. But, Americans being Americans, they haven’t really slowed down their spending so recession concerns haven’t been a huge issue.
One minor correction, interest rates have been raised to fight inflation. Concerns of a recession came because when you raise rates people spend less and the economy slows. But, Americans being Americans, they haven’t really slowed down their spending so recession concerns haven’t been a huge issue.