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NFCI Loosens To -0.90 [CHARTS]

This post first appeared on FloatingPath

The Chicago Fed’s National Financial Conditions Index was a reading of -0.90 for the week ending November 8. This is a decrease from the prior week’s reading of -0.89, and suggests that financial conditions are looser than the week prior and 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 -0.38. This is a decrease from the prior week’s revised reading of -0.37, indicating that financial conditions are looser on average than would be suggested by economic conditions and more loose relative to economic conditions than the week prior.

The risk subindex was a reading of -0.90, indicating that financial conditions were looser than the prior week’s reading of -0.89 and looser than average.

The credit subindex was a reading of -0.77 last week, indicating that financial conditions were looser than the prior week’s reading of -0.76 and looser than average.

The leverage subindex was a reading of -0.58 last week, indicating that financial conditions were unchanged from the prior week’s reading and looser than average.

NFCI Loosens To -0.90 [CHARTS]

The nonfinancial leverage subindex was a reading of -0.62 last week, an increase from the prior week’s reading of -0.63 but below average.

 

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