NBER Recession Indicator
Cycle · FRED/Treasury · USREC
What this measures. This time series is an interpretation of US Business Cycle Expansions and Contractions data provided by The National Bureau of Economic Research (http://www.nber.org/cycles/cyclesmain.html) (NBER). Our time series is composed of dummy variables that represent periods of expansion and recession. The NBER identifies months and quarters of turning points…
The latest reading sits at MID relative to this series' own history (953 observations) — a statement of where it is in its range, not a forecast. Hover the chart for values; the marked point is the most recent observation.