Chicago Fed National Financial Conditions Index (NFCI)
The St. Louis Fed’s Financial Stress Index (STLFSI4) is one index that is supposed to measure stress in the financial system. Its reading as of the May 25, 2023 update (reflecting data through May 19, 2023) is -.4794: source: Federal Reserve Bank of St. Louis, St. Louis Fed Financial Stress Index [STLFSI4], retrieved from FRED, …