Quick Answer
As of July 17, 2026, Financial Conditions (NFCI) is -0.55. Source: FRED series NFCI via Convex.
Cite this: https://convextrade.com/metrics/nfci#answer · Data: CSV (stable URL)
Financial Conditions (NFCI)
Chicago Fed National Financial Conditions Index, positive = tighter than average.
The Financial Conditions (NFCI) is currently -0.55, last updated .
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Free macro alerts →Financial conditions indexes are the Fed's dashboard. The Chicago Fed's NFCI blends over 100 inputs spanning equity volatility, credit spreads, funding stress, and leverage. Real yields across the TIPS curve reveal the true cost of capital after inflation, while liquidity measures (reverse repo, TGA, reserves) show whether the system is flush or stressed. Together they form the transmission belt from policy rate to real economy.
AI Analysis
Jul 21, 2026What keeps it a slow burn rather than a crash is the plumbing: net liquidity is expanding (+$285bn 3M), the credit impulse is easing (+5.4%), and financial conditions are loose (NFCI -0.538).
Used in Convex Intelligence Indices
Financial Conditions (NFCI) is a component or related input for:
Recent Data
Download CSV| Date | Value | Change |
|---|---|---|
| Jul 17, 2026 | -0.55 | -2.41% |
| Jul 10, 2026 | -0.54 | -2.67% |
| Jul 3, 2026 | -0.53 | -2.74% |
| Jun 26, 2026 | -0.51 | -1.79% |
| Jun 19, 2026 | -0.5 | -1.41% |
| Jun 12, 2026 | -0.5 | +0.00% |
| Jun 5, 2026 | -0.5 | +1.79% |
| May 29, 2026 | -0.5 | +0.59% |
| May 22, 2026 | -0.51 | -0.80% |
| May 15, 2026 | -0.5 | -0.20% |
| May 8, 2026 | -0.5 | -0.20% |
| May 1, 2026 | -0.5 | -1.21% |
| Apr 24, 2026 | -0.5 | -3.34% |
| Apr 17, 2026 | -0.48 | -3.23% |
| Apr 10, 2026 | -0.46 | -3.11% |
| Apr 3, 2026 | -0.45 | +1.96% |
| Mar 27, 2026 | -0.46 | +0.43% |
| Mar 20, 2026 | -0.46 | +2.33% |
| Mar 13, 2026 | -0.47 | +3.08% |
| Mar 6, 2026 | -0.49 | +5.16% |
| Feb 27, 2026 | -0.51 | +3.06% |
| Feb 20, 2026 | -0.53 | +2.47% |
| Feb 13, 2026 | -0.54 | +1.81% |
| Feb 6, 2026 | -0.55 | — |
Related Analysis
Related in Credit & Financial Stress
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Frequently Asked Questions
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Data sourced from FRED, CoinGecko, CBOE, CFTC, and EIA. Updated weekly. This page is for informational purposes only and does not constitute financial advice.