The economy is sending mixed signals about a recession, and that's made the timing of the next rate cut less meaningful

• The economy is sending mixed signals about a potential recession in the near future, according to Ned Davis Research.
• While housing and manufacturing indicators give off early-cycle vibes, the unemployment rate is signaling a late-cycle economy.
• The conflicting data suggests the Fed should de-emphasize when it will cut interest rates.

The US economy is sending mixed signals about when the next recession will arrive.