An economic vibe shift?
Aug 2, 2023

An economic vibe shift?

Is it time to stop all this recession talk? Then, looking at how banks are thinking about the Federal Reserve's new payment service.

Segments From this episode

Inflation moderates in manufacturing and job market

Aug 2, 2023
As supply chains normalize and labor demand slackens, prices and wages are cooling off.
The easing of inflation is especially visible in vehicle production, said Garrett Nelson at CFRA.
Suzanne Cordeiro/AFP via Getty Images

AI likely to make voice assistants smarter

Aug 2, 2023
Google aims to “supercharge” Google Assistant with the same tech that underlies ChatGPT, which could boost communication.
Programs like Google Assistant, Amazon's Alexa and Apple's Siri still have problems understanding exactly what people say, but artificial intelligence may improve their functionality.
Robyn Beck/AFP via Getty Images

Superconductor breakthrough claims draw interest and skepticism

Aug 2, 2023
Claims of a room-temperature superconductor have gone viral, but others' earlier claims to have achieved this have been debunked.
A superconductor chilled to a very cold temperature levitates under magnets. It's called the Meissner effect.
iStock/Getty Images

The Federal Reserve could help instant payments catch on

Aug 2, 2023
Many small banks have been hesitant to offer instant payments, even though they’ve been available for years. But the central bank’s FedNow service could cause more banks to give instant payments a try.
A couple of weeks ago, the Federal Reserve launched FedNow, a new payment service that allows people to send and receive money instantly.
Daniel Slim/AFP via Getty Images

Getting private scholarships for college doesn’t necessarily mean a reduced bill

Aug 2, 2023
Sometimes schools will take private scholarship money and subtract that from its institutional grant. It’s known as scholarship displacement, and a handful of states are passing laws to end it.
Sometimes schools will take private scholarship money and subtract that from its institutional grant, a practice known as scholarship displacement.
Eduardo Munoz Alvarez/Getty Images

Music from the episode

Reap What You Sow daKAH Hip Hop Orchestra
Lost Girl Noelle (Deltarune) GlitchxCity, DJ Cutman
Call The Foreign Exchange
Hypercolor goosetaf, anbuu, chromonicci
Shark Smile Big Thief
Superposition Young the Giant

The team

Nancy Farghalli Executive Producer
Maria Hollenhorst Producer II
Andie Corban Producer I
Sarah Leeson Producer I
Sean McHenry Director & Associate Producer II
Richard Cunningham Associate Producer I
Dylan Miettinen Associate Digital Producer