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“The NFCI edged down to –0.81 in the week ending May 5. The risk and credit subindexes ticked down from the previous week, while the leverage subindex was unchanged and the nonfinancial leverage subindex ticked up. The ANFCI also declined slightly from the previous week, to –0.50.
The current level of the ANFCI indicates that financial conditions in the latest week were roughly consistent with what would typically be suggested by current economic conditions as captured by the three-month moving average of the Chicago Fed National Activity Index (CFNAI-MA3) and three-month total inflation according to the Price Index for Personal Consumption Expenditures (PCE).” –Scott Brave, Economic Research, The Federal Reserve Bank of Chicago
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Issued in furtherance of Cooperative Extension work, Virginia Polytechnic Institute and State University, Virginia State University, and the U.S. Department of Agriculture cooperating. Edwin J. Jones, Director, Virginia Cooperative Extension, Virginia Tech, Blacksburg; M. Ray McKinnie, Administrator, 1890 Extension Program, Virginia State University, Petersburg.
May 23, 2017