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The last few years the Federal Reserve has raised interest rates to slow the economy, but dropped them this year to avoid excessive slowing. The industrial economy has contracted significantly, and some economists have feared consumer spending would follow. Clearly, economic challenges remain. Even so, the outlook has improved and the odds of a recession occurring any time soon should be falling.

Key Takeaways

  • With three rate cuts since June, has the Fed done enough?
  • Why consumer spending is so key to continued economic growth.
  • Understand more about the impact trade and overseas economies have had on the U.S. economy.

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