The Federal Reserve Will Hike Interest Rates This Week

As the title says,

How do you all think this could affect the price/economy.

Historically the last time interest rates were used to curb inflation it trigged a recession. I fear with whats going on in Ukraine it could be a perfect storm. It sounds like they are introducing interest rates back in 9 small increments throughout the year to avoid a market shock.

Tomorrow's market's should reflect their decision.

Does anyone else out there have any information/hypothesis on this?

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https://nypost.com/2022/03/15/fed-set-to-raise-interest-rates-how-it-could-help-with-inflation/