The St. Louis Fed’s Financial Stress Index eased off a bit in the June 14 week, down to -1.217 after the mild rise to -1.188 in the prior week. Confidence that the Federal Reserve would signal its increased willingness to cut rates and the probability that they would do so soon helped reduce tensions in markets. There has been no signs of substantive stresses developing, but given the uncertainties facing the economy, some volatility is evident.
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