[nathanyz]

I think many of the impacts to the economy from inflation and interest rate increases take time before we see the full picture.

For example, the housing market seemed to still be hot even with increased rates, but that is because of the delay from sales to closings. Last month started showing decreases in sales in areas that were previously on fire. And anecdotally, listings in my area that would have sold in 1 day above the listed price which are currently still on market with multiple price cuts.

The other big factor that is lingering are the student loan repayments which have been deferred for now. That is a huge chunk of monthly expense if/when they are reinstated which will have an impact on discretionary spending, etc.