Likely not. β The majority of viewpoints from economists and business research groups cite factors such as strong job growth, consumer spending, and actions by the Federal Reserve in suggesting a lower likelihood of a recession in 2023.
The recent Fed rate hike is likely to have mixed impact on inflation. β Based on the mixed viewpoints, some people believe that the rate hikes are effective in curbing inflation, whereas others doubt their effectiveness or stress on other influencing factors like supply chain disruptions and long-term low interest loans. Some express concerns about potential negative impacts including inducing a recession.