Exploring the relationship between rate hikes, government deficit, and recession

Flooding the economy with money doesn't cause a recession/nMarket forecasts predicted a recession a year ago, but it hasn't happened yet/nConfirmation bias may be at play/nThe cause of the last recession was a small deficit and high oil prices/nThe fiscal cycle has been a major factor in economic shifts/nRaising rates leads to inflation in the cost of doing business and direct spending