The history of central bank rate hikes appears to support the inevitability of an economic downturn, but there have been rare instances when the Fed has raised interest rates and avoided recession: One example is 1994.—cnn.com, May 16, 2022
Some data
In 1994, the Fed raised the federal funds rate from 3 percent to 5.5 percent in small steps through the year. The inflation rate fell from 3 percent to 2.5 percent, and the unemployment rate fell from 6.6 percent in January to 5.5 percent in December. The natural unemployment rate was 5.5 percent.
In April 2022, the federal funds rate was 0.3 percent, the inflation rate was 6.1 percent, and the unemployment rate was 3.6 percent. The natural unemployment rate was 4.4 percent.