The Taylor rule is a simple formula that John Taylor devised to guide policymakers. It calculates what the federal funds rate should be, as a function of the output gap and current inflation. Here, we measure the output gap as the difference between potential output and real GDP. Inflation is measured by changes in the CPI, and we use a target inflation rate of...
Real-time Sahm Rule Recession Indicator (idea by Claudia Sahm) based on US national unemployment rate.
I added an enhanced feature (optional) that uses slight variation in Sahm's idea and is usable to detect oversold stocks/crypto.