Chicago Fed National Financial Conditions Index
NFCI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.54
Year-over-Year Change
25.06%
Date Range
6/9/2006 - 8/1/2025
Summary
The Chicago Fed National Financial Conditions Index tracks overall financial market stress and liquidity. It provides critical insights into systemic financial market conditions and potential economic risks.
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 pressures using 105 individual variables across credit, risk, and leverage markets. Lower values indicate easier financial conditions.
Methodology
Calculated using a dynamic factor model analyzing multiple financial market indicators.
Historical Context
Used by policymakers and investors to assess financial system stability and potential economic constraints.
Key Facts
- Zero represents average financial conditions
- Negative values indicate easier financial conditions
- Updated weekly by Chicago Federal Reserve
FAQs
Q: What does a positive NFCI value mean?
A: A positive value indicates tighter financial conditions and potential economic stress. Higher values suggest more challenging market environments.
Q: How do financial conditions impact economic performance?
A: Tight financial conditions can restrict credit availability and slow economic growth. Easier conditions typically support investment and expansion.
Q: Who uses the NFCI?
A: Central bankers, economists, investors, and financial analysts use NFCI to assess market dynamics and potential economic risks.
Q: How frequently is NFCI updated?
A: The Chicago Fed updates the National Financial Conditions Index weekly, providing current market stress assessments.
Q: What variables influence the NFCI?
A: The index incorporates 105 variables across credit, risk, and leverage markets to comprehensively measure financial conditions.
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Citation
U.S. Federal Reserve, Chicago Fed National Financial Conditions Index (NFCI), retrieved from FRED.