Economic Indicators Point to Low Recession Risk Despite Rate Hikes

NDR's Recession Probability Model has plunged to 2.1%, suggesting very low odds of a recession

Household employment levels have rebounded, with a large gain in March

Gross domestic income (GDI) accelerated in Q4, closing the gap with GDP growth

The Conference Board's Leading Economic Index ticked up in February, no longer signaling recession

Despite yield curve inversion and rate hikes, NDR's recession signal composite has failed to materialize recently