Chicago Fed National Financial Conditions Index – Recession Signal
papereconomy.substack.com
Today’s release of the Chicago Fed National Financial Conditions Index (NFCI) shows pretty clearly that financial conditions are quickly becoming stressed with the index reading 0.012, the first positive value since the panic that ensued in March 2020 due to COVID-19 but, more importantly, the first notable positive reading since the period surrounding the mop-up of the Great Recession.
Chicago Fed National Financial Conditions Index – Recession Signal
Chicago Fed National Financial Conditions…
Chicago Fed National Financial Conditions Index – Recession Signal
Today’s release of the Chicago Fed National Financial Conditions Index (NFCI) shows pretty clearly that financial conditions are quickly becoming stressed with the index reading 0.012, the first positive value since the panic that ensued in March 2020 due to COVID-19 but, more importantly, the first notable positive reading since the period surrounding the mop-up of the Great Recession.