The punchline: as the report authors rhetorically ask in the final section, “Is the U.S. Tipping into a Recession?”…
In sum, a threshold estimate based on this analysis shows that 26 states need to have negative growth in the SCI to have reasonable confidence that the national economy entered into a recession. Excluding the 2008 outlier raises the threshold to 29 states.
So, where are we now? In October 2022, 27 states had negative growth in the SCI. That would exceed the six-recession average of 26 states but would fall short of the outlier-adjusted estimate (excluding 2008) of 29.
Their unstated answer: yes.
https://www.zerohedge.com/markets/st-louis-fed-quietly-finds-us-now-recession