A Conversation with Mark Gould on FedNow and the Future of Payments, SF Fed Blog, Federal Reserve Bank of San Francisco, February 6, 2023

— Available here: https://www.frbsf.org/our-district/about/sf-fed-blog/a-conversation-with-mark-gould-on-fednow-and-the-future-of-payments/

#FedNow #banking #payments #paymentsystems #realtimepayments #instantpayments #innovation #financialinclusion #financialservices #FederalReserve #FRBSF

"The jobless unemployment rate is a reliable predictor of recessions, almost always showing a turning point shortly before recessions but not at other times. Its success in predicting recessions is on par with the better-known slope of the yield curve but at a shorter horizon. Hence, it performs better for predicting recessions in the near term."

https://www.frbsf.org/economic-research/publications/economic-letter/2022/december/recession-prediction-on-clock/

#Economy #Recession #Unemployment #FederalReserve #FRBSF