F11 · HOW TIGHT OR LOOSE FINANCIAL CONDITIONS ARE

Chicago Fed National Financial Conditions Index

-0.52

CALM ROBUST z -0.52 DRS 95 weekly as of 2026-06-19

Where it sits: lower than ~64% of its full record.

The full history

1971 high 5.20 · low -1.10 · now -0.52 · 7 recessions shaded 2026

What it measures: how tight or loose financial conditions are
Where it sits: lower than ~64% of its full record: at the 36th percentile of its full record.
z vs. its window: -0.52 (strain side: up). 2,894 observations in the window.
State rule: z < 1 CALM · 1 ≤ z < 2 WATCH · z ≥ 2 EXTREME, measured only toward the declared strain side.
Confidence: ROBUST : a primary official series, mechanically reported.
Reliability (DRS): DRS 95: A published, externally-maintained Fed index of financial conditions, not a Plumbline-authored composite, any more than CPI is. Positive = tighter than average. Weekly since 1971.

FRED ↗ Every number on this site is reproducible from this primary source.