The St. Louis Fed’s Financial Stress Index retreated for a fourth week in a row and declined 0.728 points to 1.298 in the week ended April 17. It was the lowest since 1.179 in the March 6 week. Signs of strain in financial markets remain elevated but have clearly eased since peaking at 4.975 in the March 27 week. There is a little more to go before stresses hit neutral, but efforts by financial authorities and central banks have done much to improve the situation in a short period.
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