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You can't escape the word "recession" in today's news. But do the raw numbers contain a different message? Is this really a depression instead of a recession? And how is the Fed responding? Understand what's going on with two dynamic Fed web sites:
This site tracks the current economic environment through easy-to-understand charts of monthly indicators, such as employment, industrial production, retail sales and real income; current GDP data breakdowns; data from other countries; and more.
The St. Louis Fed began this site last year to help the public better understand the major financial events and policy actions that the Fed has taken over the past months. Since spring, the site has been enhanced with new functionality and a wider array of material.