Are we headed for recession?

[Carmelo Lopez]

After 2 years of unsustainable growth, do you think the United States is headed for recession? In June, the Federal Reserve raised interest rates and outlined a plan to shrink its $4.5 trillion balance sheet! Sign of a tightening cycle?A tightening cycle is a cycle of interest rate hikes. The Federal Reserve tightens its monetary policy by raising the federal funds rate to curb inflation if it is rising too quickly.  Historically, tightening cycles lead to recession! Some might argue that unemployment levels are at historic lows, they're right. But the use of artificial intelligence (AI) has increased yearly. How long before even more jobs become automated? I'm interested in reading everyone's opinion on the matter, thank you in advance!