Companies who are processing every single datapoint they can get their little paws on 24/7 are consistently saying we’re in for a recession. They aren’t going to be saying stuff like this out of the blue because it’s ‘harmful’ and the politicians want a different message to be heard.
Second, there’s absolutely no way increasing interest rates couldn’t lead to bad economic outcomes. If your company is profitable while paying 2% on debt and it goes up over that then something has to give. Maybe you cut staff, maybe quit giving employees free catered brunch and massages.
There’s too many people out there who only know a virtually 0% interest rate business environment as it’s been that way for quite a while.
