Maybe a slight recession, but that's all.
Been through a few of these cycles already , the Cuban Missile Crisis, Nam, and the mini wars
The oil embargo of the 70's with high gas prices and little inventory caused the decline of Muscle Cars, 08 Recession caused my Investments to lose 40%, since then the Muscle Cars are back, my investment have made it all back plus tripled in value ,so the crap going on today ain't all that different.
We've always came out of it stronger, no different today. May take a year, but as I've said "Been there, done that" leave your tin foil hats in the drawer.
You left out the most critical aspect in your analysis.....the Debt.
$30 Trillion, and growing.
We've crossed the Rubicon.
USA - Debt / GDP = 128%
And the Fed is out of tools to kick the can down the road any longer. They aren't just against the wall. They're in the corner with no way out.
To tame inflation through raising the basis point high enough to even slow it down will blow up the ability to service the debt.