Chicago Fed National Financial Conditions Index (NFCI)

The St. Louis Fed’s Financial Stress Index (STLFSI2) is one index that is supposed to measure stress in the financial system. Its reading as of the June 10, 2021 update (reflecting data through June 4, 2021) is -1.0062: source: Federal Reserve Bank of St. Louis, St. Louis Fed Financial Stress Index [STLFSI2], retrieved from FRED, …

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Money Supply Charts Through April 2021

For reference purposes, below are two sets of charts depicting growth in the money supply. The first shows the M1, defined in FRED as the following: Before May 2020, M1 consists of (1) currency outside the U.S. Treasury, Federal Reserve Banks, and the vaults of depository institutions; (2) demand deposits at commercial banks (excluding those …

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Updates Of Economic Indicators May 2021

The following is an update of various indicators that are supposed to predict and/or depict economic activity. These indicators have been discussed in previous blog posts: The May 2021 Chicago Fed National Activity Index (CFNAI) updated as of May 24, 2021: The CFNAI, with a current reading of .24: source:  Federal Reserve Bank of Chicago, Chicago Fed National …

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