Recession Probability + Sahm Rule
LockedNY Fed smoothed recession probability + Claudia Sahm's real-time rule.
Why upgrade
What's behind the gate
- 22+ charts across crypto, technical and macro
- Outliners Risk metric with full history overlays
- Screener + watchlists (coming next sprint)
- Bubbles view, Workbench, mobile app (roadmap)
- Outliners course + Discord community (bundled)
What this chart shows
Methodology
RECPROUSM156N (FRED, monthly) = Smoothed US Recession Probability — Chauvet & Piger's dynamic-factor model, % chance the US is currently in recession. SAHMREALTIME (FRED, monthly) = Sahm Rule indicator: 3-month moving average of UNRATE minus its 12-month minimum; ≥ 0.5 has historically coincided with recession onset.