The St. Louis Fed Financial Stress Index dialed down 2.258 points to 2.723 in the week ended April 3, its lowest since 1.183 in the March 6 week. Stress is by no means gone, but signs of success in efforts to contain the spread of COVID-19 and central banks’ and governments’ efforts to provide emergency relief and get liquidity where it is most needed have had a positive impact.
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