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 December 14, 2017 update (reflecting data through December 8, 2017) is -1.546. Of course, there are a variety of other measures and indices that are supposed to measure financial stress and other …

Read more

Deflation Probabilities – December 14, 2017 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 …

Read more

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 December 7, 2017 update (reflecting data through December 1, 2017) is -1.575. Of course, there are a variety of other measures and indices that are supposed to measure financial stress and other …

Read more

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 November 30, 2017 update (reflecting data through November 24, 2017) is -1.679. Of course, there are a variety of other measures and indices that are supposed to measure financial stress and other …

Read more

Money Supply Charts Through October 2017

For reference purposes, below are two sets of charts depicting growth in the money supply. The first shows the MZM (Money Zero Maturity), defined in FRED as the following: M2 less small-denomination time deposits plus institutional money funds. Money Zero Maturity is calculated by the Federal Reserve Bank of St. Louis. Here is the “MZM …

Read more

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 November 22, 2017 update (reflecting data through November 17, 2017) is -1.553. Of course, there are a variety of other measures and indices that are supposed to measure financial stress and other …

Read more

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 November 22, 2017 update (reflecting data through November 17, 2017) is -1.553. Of course, there are a variety of other measures and indices that are supposed to measure financial stress and other …

Read more

Durable Goods New Orders – Long-Term Charts Through October 2017

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 October 2017, updated on November 22, 2017. This value is $236,006 ($ Millions): (click on charts to …

Read more

Updates Of Economic Indicators November 2017

Here 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 November 2017 Chicago Fed National Activity Index (CFNAI) updated as of November 21, 2017: The CFNAI, with current reading of .65: Federal Reserve Bank of Chicago, Chicago Fed National Activity …

Read more