This index is settling in to about a 3.5% annual rate of growth.
No recession indication here:

No recession here either:

No sign of recession here:

Markets are being driven by the understanding that the Fed will continue to raise rates until there is a recession, not realizing that rate increases, with debt/GDP as high as it is,
result in a sufficiently large increase in government deficit spending on those interest payments to support both the growth of private sector total spending on goods and services as well as to support prices.

So what happens each cycle is the Fed raises rates and supports growth until something else causes a recession. Recent history has seen the automatic stabilizers (tax receipts rising and transfer payments falling with growth) bring down gov deficit spending sufficiently to end the cycle, while at the same time the Saudis have raised oil prices until the economy and demand collapses.

Gone flat since oil prices broke, and means that the strong nominal personal income growth becomes strong real income growth:

Still negative but making a comeback even with the rate hikes:

No sign of recession, and lots of indications the rate hikes that are adding to deficit spending as supporting the economy and prices, and not depressing them, and more rate hikes will only do more of same.

And it doesn’t end until the Fed understands it has had it all backwards:

This is about 85% of the economy.

No recession yet. More and more the data is telling me debt/gdp is plenty high for rate hikes to be supportive of total spending in the economy:

Housing has been weak since the rate hikes, but the declines have been diminishing and with the continuously increasing personal income from (lower but still high) government deficit spending.

I’m expecting housing to show modest growth going forward, in line with the rest of the economy.

Note that applications are down but lending is still growing rapidly:

No recession here either:

Asymptotically approaching pre-Covid levels:

Wage growth continues to lag (not cause) the growth rate of the CPI:

Government had more employees under President Trump vs Presidents Obama and Biden? ;)

This doesn’t look like a recession either:

No recession yet, at least partially due to the increased federal deficit spending on interest payments as the Fed hikes rates:

With debt/GDP the rate hikes have had the effect of about $500 billion/year of additional (highly regressive) federal deficit spending:

Maybe stabilizing?

Post-Covid bounce followed by a dip from the post-Covid cuts in fiscal spending, but no recession yet:

A bit of a slowdown but no recession here yet:

No recession yet:

Income and consumption not yet indicating recession:

Back to slow growth:

At least so far, the post-Covid spike has been nearly reversed.

We’ll see where it goes from here:

Post-Covid bounce reversed, still above 50 which signals modest growth:

Sluggish growth but not recession, and no one giving credit to the Fed for hiking rates to increase the deficit and help keep it to a soft landing ;)

At least so far it looks to me like a large Covid dip followed by a larger post-Covid bounce followed by a correction to prior levels:

More signs of no recession yet:

Permits and starts have fallen off but are still above pre-Covid levels. This particular sector is presumed to be the target of Fed rate hikes. I suspect it is a temporary setback with buyers taking a wait and see attitude, as employment continues to grow:

The post-Covid bounce continues with no sign of recession.

US energy costs are relatively low which is helping drive the export component:

Peter Coy’s NYT article today was about my assertion that rate hikes are adding to inflation, which was confirmed by his quote from Prof. Michael Woodford, who is considered the #1 mainstream monetary economist and the Fed’s ‘go to’ economist: