The National Financial Conditions Index ticked down to –0.73 in the week ending March 6.

The risk, credit, and leverage subindexes decreased slightly from the previous week, while the nonfinancial leverage subindex was unchanged.

The adjusted NFCI edged up from the previous week, to 0.31.

The current level of the ANFCI indicates that financial conditions in the latest week were somewhat tighter than what would typically be suggested by current economic conditions.

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(Source: Chicago Fed)

The Chicago Fed’s National Financial Conditions Index provides a comprehensive weekly update on U.S. financial conditions in money markets, debt and equity markets, and the traditional and “shadow” banking systems.

Because U.S. economic and financial conditions tend to be highly correlated, we also present an alternative index, the adjusted NFCI. This index isolates a component of financial conditions uncorrelated with economic conditions to provide an update on financial conditions relative to current economic conditions.