I simply don't see where the recession of a thing or the economic instability of the USD is coming from. Fine, they are not yet entirely out of the wood but the days of desperation and panic are certainly not now.
I think people's purchasing power is weakening which is participating in this and then energy commodities are shooting up, causing inflation to soar high. Yes. Hot inflation has made the world's central banks decide to tighten monetary policy by raising interest rates. In the end, this was considered a recession trigger.