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Financial conditions today
A weekly summary of 105 measures of US money, debt and equity markets and the banking system, from the Federal Reserve Bank of Chicago.
The full Chicago Fed financial conditions chart is in Pro, with its whole history, ranges, overlays and alerts, next to 111 other charts.
What it is
The NFCI (FRED NFCI) is scaled so that zero is the average since 1971. Negative values mean financial conditions are looser than average; positive values mean tighter.
Why it matters for liquidity
Loose financial conditions make it easier to borrow and invest, which tends to go with rising liquidity and asset prices. A sharp rise in the index has marked past episodes of stress, such as March 2020.
Questions
Are financial conditions loose or tight now?
The NFCI was −0.49 in the week of 23 October 2026: looser than average. A year earlier it was −0.52.
Related
Get the full picture. Pro has the Chicago Fed financial conditions chart and 111 more on liquidity, central banks, rates and markets, plus a weekly note, momentum alerts and an MCP connector to ask about them in Claude or ChatGPT. Free for 10 days.
Start free trialGeneral information only, not financial advice. Data can be delayed, revised or wrong. Sources and credits.