Therefore, we’re in a situation where inflation is making everything in the grocery store and the gas station expensive, leaving less for leisure spending. On the other hand, rate hikes by the Fed is increasing costs for companies, some of which are expected to, increasingly, cut back production and/or lay off people, which is the definition of a recession. However, people (particularly the demographics that have stayed away thus far) do want to get physical again, which is good for casino operators.