The Chicago Federal Reserve’s National Financial Conditions Index (NFCI) is a comprehensive weekly update on U.S. financial conditions in money markets, debt and equity markets and the traditional and “shadow” banking systems.
The NFCI ticked down to –0.85 in the week ending August 2. Risk indicators contributed –0.38, credit indicators contributed –0.31, and leverage indicators contributed –0.15 to the index in the latest week.
Positive values of the NFCI have been historically associated with tighter-than-average financial conditions, while negative values have been historically associated with looser-than-average financial conditions. Today’s release of the statistic points to looser financial conditions.
Source: Chicago Federal Reserve
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Scott C. Kennedy
Broker-Owner / REALTOR®
(530) 448-3308 – Cell / Direct
12242 Business Park Dr. Ste 19
Truckee CA 96161
California Department of Real Estate – License #’s: 01431709 / 02002713
NOTE: Data compiled from the Tahoe Sierra MLS is deemed reliable but not guaranteed. Verification recommended.