Chicago Fed National Financial Conditions Risk Subindex
NFCIRISK • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.57
Year-over-Year Change
31.82%
Date Range
6/9/2006 - 8/1/2025
Summary
The Chicago Fed National Financial Conditions Risk Subindex measures the degree of financial stress in U.S. markets, tracking risk perceptions across various financial sectors. This metric provides critical insights into potential systemic financial risks and market volatility.
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
The Risk Subindex is a component of the broader National Financial Conditions Index, focusing specifically on risk dimensions in financial markets. Economists use this indicator to assess potential financial system vulnerabilities and predict potential economic disruptions.
Methodology
The index is calculated using a weighted composite of market indicators including credit spreads, equity market volatility, and other risk-related financial market measurements.
Historical Context
Policymakers and central bankers use this index to inform monetary policy decisions and assess overall financial system stability.
Key Facts
- Measures financial market risk and stress levels
- Provides forward-looking insights into potential economic disruptions
- Tracks multiple risk dimensions across financial sectors
FAQs
Q: What does a higher NFCIRISK value indicate?
A: A higher value suggests increased financial market stress and potential economic risks. Positive values indicate tighter financial conditions compared to historical average.
Q: How frequently is the NFCIRISK updated?
A: The index is typically updated weekly, providing near real-time insights into financial market conditions.
Q: What financial indicators are included in the calculation?
A: The index incorporates credit spreads, equity market volatility, funding costs, and other risk-related financial market measurements.
Q: How do policymakers use this index?
A: Central bankers and economic policymakers use the NFCIRISK to assess financial system stability and inform potential monetary policy interventions.
Q: What are the limitations of the NFCIRISK?
A: While comprehensive, the index is a retrospective measure and cannot perfectly predict future financial system events or sudden market disruptions.
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Citation
U.S. Federal Reserve, Chicago Fed National Financial Conditions Risk Subindex [NFCIRISK], retrieved from FRED.
Last Checked: 8/1/2025