Skip to content

35,293 Entries
39 Added in Past 24 Hours

Federal Reserve Bank of Chicago National Financial Conditions Index (NFCI)

Excerpt:  “The Chicago Fed’s National Financial Conditions Index (NFCI) provides a comprehensive weekly update on U.S. financial conditions in money markets, debt and equity markets, and the traditional and ‘shadow’ banking systems. Because U.S. economic and financial conditions tend to be highly correlated, we also present an alternative index, the adjusted NFCI (ANFCI). This index isolates a component of financial conditions uncorrelated with economic conditions to provide an update on financial conditions relative to current economic conditions. … The NFCI decreased to –0.64 in the week ending January 17. Risk indicators contributed –0.26, credit indicators contributed –0.21, and leverage indicators contributed –0.16 to the index in the latest week. The ANFCI also decreased in the latest week, to –0.69. Risk indicators contributed –0.37, credit indicators contributed –0.23, leverage indicators contributed –0.16, and the adjustments for prevailing macroeconomic conditions contributed 0.06 to the index in the latest week.”