US Financial Conditions Index (NFCI)
US financial conditions index from the Chicago Fed tracking risk, credit, and leverage daily.
| Indicator | 18-09-2026 | 11-09-2026 | 04-09-2026 | 28-08-2026 | 21-08-2026 | 14-08-2026 | 07-08-2026 | 31-07-2026 | 24-07-2026 | 17-07-2026 | 10-07-2026 | 03-07-2026 | 26-06-2026 | 19-06-2026 | 12-06-2026 | 05-06-2026 | 29-05-2026 | 22-05-2026 | 15-05-2026 | 08-05-2026 | 01-05-2026 | 24-04-2026 | 17-04-2026 | 10-04-2026 | 03-04-2026 | 27-03-2026 | 20-03-2026 | 13-03-2026 | 06-03-2026 | 27-02-2026 | 20-02-2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NFCI - Adjusted Index | -0.56 | -0.56 | -0.56 | -0.55 | -0.55 | -0.55 | -0.54 | -0.54 | -0.53 | -0.53 | -0.52 | -0.52 | -0.51 | -0.51 | -0.51 | -0.51 | -0.51 | -0.51 | -0.51 | -0.51 | -0.5 | -0.5 | -0.49 | -0.47 | -0.46 | -0.46 | -0.46 | -0.47 | -0.49 | -0.51 | -0.52 | |
| ANFCI - Adjusted for Economic Cycles | -0.57 | -0.57 | -0.57 | -0.57 | -0.56 | -0.56 | -0.57 | -0.57 | -0.56 | -0.56 | -0.56 | -0.56 | -0.55 | -0.55 | -0.54 | -0.53 | -0.51 | -0.5 | -0.49 | -0.49 | -0.5 | -0.49 | -0.48 | -0.47 | -0.45 | -0.43 | -0.44 | -0.45 | -0.47 | -0.5 | -0.52 | |
| THREE COMPONENT GROUPS3 | ||||||||||||||||||||||||||||||||
| Risk | -0.63 | -0.63 | -0.63 | -0.63 | -0.63 | -0.62 | -0.62 | -0.61 | -0.61 | -0.6 | -0.6 | -0.6 | -0.59 | -0.59 | -0.59 | -0.59 | -0.59 | -0.6 | -0.59 | -0.59 | -0.58 | -0.57 | -0.55 | -0.54 | -0.53 | -0.52 | -0.53 | -0.54 | -0.56 | -0.58 | -0.6 | |
| Credit | -0.07 | -0.07 | -0.07 | -0.07 | -0.06 | -0.06 | -0.06 | -0.05 | -0.05 | -0.05 | -0.04 | -0.04 | -0.04 | -0.03 | -0.03 | -0.03 | -0.03 | -0.03 | -0.03 | -0.03 | -0.03 | -0.02 | -0.02 | -0.01 | -0 | -0 | -0 | -0.01 | -0.01 | -0.02 | -0.03 | |
| Leverage | 0.06 | 0.07 | 0.08 | 0.09 | 0.1 | 0.11 | 0.12 | 0.13 | 0.15 | 0.17 | 0.19 | 0.21 | 0.23 | 0.25 | 0.27 | 0.27 | 0.27 | 0.26 | 0.24 | 0.21 | 0.17 | 0.13 | 0.09 | 0.05 | 0.01 | -0.02 | -0.05 | -0.07 | -0.09 | -0.1 | -0.11 | |
| Non-financial Sector Leverage | -0.47 | -0.48 | -0.48 | -0.49 | -0.49 | -0.5 | -0.5 | -0.51 | -0.51 | -0.52 | -0.53 | -0.53 | -0.54 | -0.54 | -0.55 | -0.55 | -0.56 | -0.56 | -0.57 | -0.57 | -0.57 | -0.57 | -0.57 | -0.57 | -0.57 | -0.57 | -0.57 | -0.57 | -0.57 | -0.56 | -0.56 |
Latest reading
NFCI - Adjusted Index stood at −0.56 Standard deviations in Sep 18, 2026. That is unchanged from Sep 11, 2026 and −0.03 Standard deviations from a year earlier. The series on this page is weekly and runs from Jan 8, 1971 to Sep 18, 2026. Source: Chicago FED (National Financial Conditions Index).
- Latest
- −0.56 Standard deviations
- Sep 18, 2026
- vs previous period
- 0 Standard deviations
- Sep 11, 2026
- vs a year earlier
- −0.03 Standard deviations
Look up any date
Pick a date between Jan 8, 1971 and Sep 18, 2026 to see every series in this table on that day. If there is no reading that day (weekend, holiday, or a weekly release), the last reading before it is shown.
About this data
US financial conditions index from the Chicago Fed tracking risk, credit, and leverage daily. The dataset provides the main adjusted NFCI and the ANFCI adjusted for economic cycles, with series starting from 1971. Values are expressed in standard deviations from historical norms, where positive readings denote tighter conditions.
Frequently asked questions
- What does the US Financial Conditions Index (NFCI) measure?
- The US Financial Conditions Index (NFCI) measures financial stress and conditions across money markets, debt and equity markets, and the banking system by aggregating numerous individual indicators into a single metric.
- How often is the NFCI published and how far back does it go?
- The index is published daily by the Federal Reserve Bank of Chicago, with historical data running continuously from 1971.
- What do positive and negative values on the index mean?
- Values are expressed in standard deviations from the historical average, where zero represents average conditions, positive values indicate tighter-than-average financial conditions, and negative values indicate looser conditions.
- What are the main components included in the dataset?
- The dataset includes the adjusted NFCI, the ANFCI adjusted for economic conditions and inflation, and three component groups covering risk, credit, and leverage.
