While the St. Louis Fed’s Financial Stress Index remained elevated, it was down for a third week in a row as of Friday, April 10. The index was at 2.020, down 0.428 from the prior week and less than half the 5.483 reading of the peak in the March 20 week. Stresses remain, but are working their way through markets as central banks and fiscal authorities act to provide liquidity and smooth regulation and supervision. However, uncertainties about the economic outlook remain heightened.
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