The Federal Reserve increased interest rates by 0.75 percentage point on June 15, the third raise this year and the largest since 1994, to counter high inflation. But some critics worry that aggressive regulatory policies could push the U.S. economy into a recession.
“An effort to intentionally slow the economy certainly raises the likelihood of a recession either later this year or next year,” said Ben Johnston, chief operating officer at finance company Kapitus. “We continue to see small businesses struggle with inflationary tendencies.”
Source
