Chicago Fed Adjusted National Financial Conditions Index
ANFCI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.48
Year-over-Year Change
9.26%
Date Range
6/9/2006 - 8/1/2025
Summary
The Chicago Fed Adjusted National Financial Conditions Index tracks overall financial market stress and liquidity. It provides critical insights into systemic financial market conditions and potential economic pressures.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This index measures financial market stress by combining multiple financial indicators across credit, equity, and funding markets. Lower values indicate easier financial conditions.
Methodology
Calculated using 105 financial market variables normalized to zero mean and unit variance.
Historical Context
Used by policymakers and investors to assess potential economic risks and financial system stability.
Key Facts
- Zero represents average financial conditions historically
- Negative values indicate easier than normal conditions
- Positive values signal tighter financial markets
FAQs
Q: What does a negative ANFCI value mean?
A: A negative value indicates looser financial conditions than historical average. Lower values suggest easier credit and market access.
Q: How often is the ANFCI updated?
A: The index is typically updated weekly by the Chicago Federal Reserve Bank.
Q: Who uses the ANFCI?
A: Economists, policymakers, and financial analysts use it to assess overall financial market health and potential economic risks.
Q: How does ANFCI relate to monetary policy?
A: The index helps Federal Reserve officials understand financial market conditions when making interest rate and economic policy decisions.
Q: What financial variables does ANFCI include?
A: The index incorporates credit, equity, funding, and risk indicators from multiple financial market segments.
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Citation
U.S. Federal Reserve, Chicago Fed Adjusted National Financial Conditions Index (ANFCI), retrieved from FRED.