'Richession" or not recession?

• Despite high borrowing costs due to the Federal Reserve’s aggressive streak of interest rate hikes, consumers keep spending and employers keep hiring. 

• Gas prices have dropped, grocery prices have leveled off, and the economy keeps growing. 

• There is a belief among some economists that the U.S. might achieve a “soft landing,” in which growth slows but households and businesses spend enough to avoid a full recession. 
  

• Still, threats of a recession loom: The Fed is likely to raise rates at least once more, and keep them high for months, thereby continuing to impose heavy borrowing costs on consumers and businesses. (The AP 06/27/23) Is it a 'richcession'? Or a 'rolling recession'? Or maybe no recession at all? | AP News