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Experts predict mild and short 2023 recession

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Fears of a recession are high as the Federal Reserve increases interest rates

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A recession is often a consequence when the central bank raises borrowing costs

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No two recessions are alike, and the potential recession could be short and mild

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Many economists expect a "recession with a small r" in 2023

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The economy still appears to be resilient despite high inflationa

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The health of the labor market is a major factor in the potential recession's severity

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Some experts predict a "slowcessation," a difficult period of low growth but no contraction

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Moody's Analytics argues that strong household finances and corporate balance sheets could offset negative effects of interest rate hikes

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A "richcession," a recession that impacts the rich more than lower-income individuals, is a possibility