NFCI Loosens To -0.90 [CHARTS]

NFCI

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.

 

For exclusive info on hedge funds and the latest news from value investing world at only a few dollars a month check out ValueWalk Premium right here.

Multiple people interested? Check out our new corporate plan right here (We are currently offering a major discount)



About the Author

Floating Path
Floating Path explores economic and cultural phenomena. Floatingpath hopes to educate, inspire and provoke.

Be the first to comment on "NFCI Loosens To -0.90 [CHARTS]"

Leave a comment

Your email address will not be published.