Sep
02
Three Fed Indexes Are Pointing to the Tightest U.S. Financial Conditions Since 2012
ByPhotograph: Corbis
This probably doesn’t help the case for a September rate hike
On the back of the recent sell-off in stock and bond markets, a number of measures of U.S. financial conditions and financial stress compiled by regional Federal Reserve banks are signaling the tightest readings in three years.
Data released Wednesday by the Chicago Fed showed a rise in risk premiums coupled with a deterioration in leverage and credit conditions in the week through Aug. 28, all of which propelled the bank’s National Financial Conditions Index to its highest level since November 2012…
Three Fed Indexes Are Pointing to the Tightest U.S. Financial Conditions Since 2012
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