Chicago Fed National Financial Conditions Index (NFCI)

The St. Louis Fed’s Financial Stress Index (STLFSI) is one index that is supposed to measure stress in the financial system.  Its reading as of the April 14, 2016 update (reflecting data through April 8) is -.814. Of course, there are a variety of other measures and indices that are supposed to measure financial stress and other related …

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Chicago Fed National Financial Conditions Index (NFCI)

The St. Louis Fed’s Financial Stress Index (STLFSI) is one index that is supposed to measure stress in the financial system.  Its reading as of the April 7, 2016 update (reflecting data through April 1) is -.808. Of course, there are a variety of other measures and indices that are supposed to measure financial stress and other related …

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April 2016 IMF Report – Probabilities Of Recession And Deflation

The International Monetary Fund (IMF) recently published the April 2016 “World Economic Outlook.” (pdf)  The subtitle is “World Economic Outlook:  Too Slow for Too Long.” One area of the report is Figure 1.18 on page 28.  While I do not agree with the current readings of the two measures presented – Probability of Recession and …

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Broad-Based Indicators Of Economic Activity

The Chicago Fed National Activity Index (CFNAI) and the Aruoba-Diebold-Scotti Business Conditions Index (ADS Index) are two broad-based economic indicators that I regularly feature in this site. The short-term and long-term trends of each continue to be notable. Doug Short, in his blog post of April 7, 2016, titled “The Philly Fed ADS Index Business …

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Deflation Probabilities – April 7, 2016 Update

While I do not agree with the current readings of the measure – I think the measure dramatically understates the probability of deflation, as measured by the CPI – the Federal Reserve Bank of Atlanta maintains an interesting data series titled “Deflation Probabilities.” As stated on the site: Using estimates derived from Treasury Inflation-Protected Securities …

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Chicago Fed National Financial Conditions Index (NFCI)

The St. Louis Fed’s Financial Stress Index (STLFSI) is one index that is supposed to measure stress in the financial system.  Its reading as of the March 31, 2016 update (reflecting data through March 25) is -.842. Of course, there are a variety of other measures and indices that are supposed to measure financial stress and other related …

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Chicago Fed National Financial Conditions Index (NFCI)

The St. Louis Fed’s Financial Stress Index (STLFSI) is one index that is supposed to measure stress in the financial system.  Its reading as of the March 24, 2016 update (reflecting data through March 18) is -.77. Of course, there are a variety of other measures and indices that are supposed to measure financial stress and other related …

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Durable Goods New Orders – Long-Term Charts Through February 2016

Many people place emphasis on Durable Goods New Orders as a prominent economic indicator and/or leading economic indicator. For reference, below are two charts depicting this measure. First, from the St. Louis Fed site (FRED), a chart through February 2016, updated on March 24, 2016. This value is $229,364 ($ Millions): (click on charts to …

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