Rate hikes are over, I believe CA is already pricing in a 2020 recession, being 5th world largest economy I'm sure they have a good handle on tax receipts and can see it coming quite a ways down the road. They (fed) want a soft landing. I'm already tightening my belt here. All previous rate hikers have been followed by recession, it's just going to take some time, this economy is to big. AND, still, with rates this low, any recession we might get will be more like a speed bump, and our recessions are more like debt flushes & golden parachutes. Money is easy, (for some) and debt no longer matters, (as long as can be serviced), although so many more of us are really just getting by these days anyway. That's got to tell you something in and of itself.