The US economic trend has remained positive and relatively steady in recent weeks, based on a markets-based profile of macro conditions. The Macro-Markets Risk Index (MMRI) closed at 9.4% on Monday, April 7–a level that suggests that business cycle risk remains low. A decline in MMRI below 0% would indicate that recession risk is elevated. By comparison, readings above 0% imply that the economy will expand in the near-term future.
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