It would be an understatement to say that the economy in the region has been extremely volatile since the COVID outbreak in early 2020. The unexpected crash of local businesses in 2020 was followed by the completely predicted boom in both housing and tourism as urban residents tried to get into nature. The COVID boom was followed by several years of above-average tourism, real estate, and home building. However, with the post-COVID boom came inflation across the nation, and in November 2021, the Federal Reserve Bank of the United States started to aggressively raise interest rates from historic lows in an effort to battle the growth of prices from eggs to homes and everything in-between. The question was how that would impact the local economy…
