The St. Louis Fed’s Financial Stress Index rose 0.654 point to 1.955 in the week ended April 24. The increase possibly was due to a noisy news cycle which included President Trump’s gaffes related to treatments for COVID-19 and hopes both fulfilled and disappointed about local efforts to reopen economic activity, as well as some gloomy news about economic conditions. Financial markets remain sensitive to even slight increases in uncertainty about the outlook.
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