> Nine times since 1961, the central bank has embarked on a series of interest rate increases to rein in inflation. Eight times a recession followed. The only true “soft landing” — as significant rate hikes with no subsequent slumps are called — occurred in 1994, according to a March 25 report by investment bank Piper Sandler. Not a sterling track record.

>> This is not a meaningful phrase

> Sure it is,

No, it is not. You meant some sort of recession, as if thats an undesired massive financial correction. This has been a long time coming and is better in the long run if the correction happens sooner than later. Good luck with whatever.