Arent Inflation and Recession mutually exclusive?

Yesterday CPI proved Inflation still going higher. But what suprises me is that already market tooktoo many dips citing recession. Some head's already screaming that we are already recession. Butjobs data, inflation, CPI all say other story. If we are already in recession, Fed should stick to moderate to lower interest rate hikes. If we are in stillin super inflation stage, lets not hurt our selves by taking more about recession. I think industry should redefine these terms - current inflation is caused by imbalance of supply and demand due psot pandemic and war situations. Simply raises Interest rates wont cut down demand as jobs and high salaries are piling up, no matter what, ppl will still throw that extra to get what they want. The impact of rate hike in current situation is minimal and hence you see inflation still spiking. I would take these negative news with a pinch of salt and recalculate the fundamentals of a stock and accumulate more. $JPMorgan Chase(JPM)$$Bank of America(BAC)$$Citigroup(C)$are at good prices to buy more and I will do. 😀