Stimulus Update: Will Interest Rate Hikes Drive Us Into a Near-Term Recession?

Stimulus Update: Will Interest Rate Hikes Drive Us Into a Near-Term Recession?

It's fair to say that inflation has been out of control for well over a year now. The Federal Reserve, meanwhile, is on a mission to cool inflation. Specifically, the Fed just raised its benchmark interest rate by 0.75% for the third time in a row.