What do the gray shaded areas on charts represent?

The gray shaded areas represent periods of US economic recession, marked by MacroMicro based on official determinations from the National Bureau of Economic Research (NBER) — the world's most authoritative institution on business cycle dating. For more information, please see here.

💡 You can click the「Custom」button in the upper-right corner of any chart to show or hide the gray shading.

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