Chicago Fed National Financial Conditions Index
The Chicago Fed National Financial Conditions Index is −0.46 as of Oct 30, 2026, up 0.05 from a month earlier.
Over the past year it has risen by 0.05. The latest reading is higher than 43% of all readings since January 1971. It was last this low in March 2025. Current status: looser than average.
- Latest
- −0.46
- 1 month ago
- −0.51
- 1 year ago
- −0.51
- Change over 1 year
- +0.05
- History percentile
- 44th
- History since
- January 1971
What it is
A weekly index of US financial conditions built from over 100 measures of risk, credit and leverage across money markets, debt and equity markets and the banking system.
Why it matters for investors
Financial conditions are how monetary policy reaches the economy. Loose conditions make it easy to borrow and invest; tight conditions do the opposite, even if the Fed has not moved rates.
How to read it
Zero is the long-run average. Negative readings mean looser than average conditions, positive readings tighter. The direction of travel often matters more than the level.
Method and sources
Source: Federal Reserve Bank of Chicago, retrieved from FRED, Federal Reserve Bank of St. Louis (series NFCI). Figures are published with a lag and can be revised.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
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