Here's why high interest rates haven't caused a US recession

Interest Rates Remain High as Federal Reserve Begins March Meeting #

The Federal Reserve has started its March policy-making meeting while interest rates remain at a 23-year high. Despite this, the unemployment rate is low, stocks have reached record highs, and there is no sign of a recession. Economists are puzzled by this phenomenon. Normally, raising interest rates to combat high inflation increases the risk of a recession, but that has not been the case this time. The stability of the US economy is attributed to factors such as low mortgage rates and healthy household finances.