This post first appeared on FloatingPath

The Chicago Fed’s National Financial Conditions Index was a reading of -0.93 for the week ending November 292. This is an increase from the prior week’s reading of -0.94, and suggests that financial conditions are tighter than last week but looser than average.

The adjusted NFCI, which isolates a component of financial conditions uncorrelated with economic conditions to provide an update on financial conditions relative to current economic conditions, was a reading of -0.30. This is unchanged from the prior week’s reading, indicating that financial conditions are unchanged relative to economic conditions than the week prior, but still looser on average than would be suggested by economic conditions.

National Financial Conditions Index

The risk subindex was a reading of -0.93, indicating that financial conditions were unchanged from the week prior and looser than average.

The credit subindex was a reading of -0.80 last week, indicating that financial conditions were tighter than the prior week’s reading of -0.81 but looser than average.

The leverage subindex was a reading of -0.67 last week, indicating that financial conditions were looser than the prior week’s reading of -0.66 and looser than average.

NFCI Components 600x375 NFCI Tightens To  0.93

The nonfinancial leverage subindex was a reading of -0.60 last week, indicating that financial conditions were tighter than the prior week’s reading of -0.61 but still below average.

NFCI Financials 600x375 NFCI Tightens To  0.93