Originally Posted by Bluedriver

They have paused raising rates. But they had to do it, because there was way too much demand for too few goods/services. Which was driving unsustainable inflation. But, as I said, the fed has paused it's rate hikes for now, hopefully believing that they've reduced demand enough. But the markets are back moving towards their all-time highs and the unemployment rate is at historical lows, planes still full. It's looking more and more possible that there won't be a significant recession in consumer spending overall. Although housing will probably not do well with high interest rates.

But my crystal ball is last year's model, doesn't have all the latest gizmos. But understand certain groups/talking heads want you to believe the sky is falling and there's nothing but impending doom. That's manipulation marketing, not reality.