The yield spread between long-term and short-term Treasury securities is known to be a good predictor of economic activity, particularly of looming recessions. The recent flattening of the yield curve implies only a slightly elevated risk of a recession in the near term relative to any other month.
What does an athlete with college baseball aspirations do when a back injury forces him to hang up his cleats at age 16? Anthony Kontilis applied his traveling baseball team's lessons in teamwork, ambition, and leadership to a career as an auditor.
We like to say we work for the Fed, not at the Fed. That’s because the SF Fed is not just another employer or government agency. Here, you have the opportunity to become part of an important public service institution whose work touches lives across the globe.