Despite slower consumer spending and issues such as credit quality deterioration, bank economists on Wednesday said they are not girding for a recession just yet.

Echoing recent optimistic assessments by some heads of the regional Federal Reserve Banks, several of these economists pointed to a healthy job market and the Federal Reserve Board's vigilance.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.