Thursday, August 17, 2023

Tightening? What Tightening?: Financial Conditions Index As Loose As It Was In March 2022

And getting looser.

From the Federal Reserve Bank of Chicago via the St. Louis Fed's FRED database (below the zero-line is looser): 

Chicago Fed National Financial Conditions Index (NFCI)

HT on the reminder to check the numbers: ZeroHedge, who usually link to an alternative measure, Goldman's Financial Conditions Index, but get to the same conclusion.

Looser Financial Conditions Take Edge Off Recession Risk

Here's the Chicago Fed's FCI page.