Economic growth in the US remains on a steady path, according to a markets-based estimate of the macro trend. The Macro-Markets Risk Index (MMRI) closed at +6.8% yesterday (Mar. 9). The benchmark’s readings so far this year have remained in a tight band of roughly +5% to +10% — a signal for anticipating ongoing economic growth. A decline below 0% in MMRI would indicate that recession risk is elevated; readings above 0% imply that the economy will expand in the near-term future.
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